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Indian bankers who specialize in selling corporate bonds are asking the financial regulator for permission to lend money in exchange for bonds, people familiar with the matter said, as authorities themselves try to deepen local capital markets.The intermediaries known in India as merchant bankers say the move would give them more financial flexibility to underwrite […]
The Reserve Bank of India (RBI) has lifted the long-term investment limit of Rs 2.5 lakh crore under the Voluntary Retention Route (VRR) to deepen the debt market by providing more flexibility to foreign portfolio investors (FPIs). Yet, overall investment limits remain in place, ensuring adequate regulatory controls on foreign ownership of Indian debt. The […]
