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Business News

Sep 05, 2019
7:37AM

SEBI Chairman Ajay Tyagi calls for unification of corporate bond market

AIR PIC
SEBI Chairman Ajay Tyagi has called for unification of corporate bond market with the more widely-traded government securities market to make it easier for investors to enter and exit the market.

Addressing an event in Mumbai, Mr. Tyagi said there is a need for seamless transmission of information from G-secs to the corporate bond market.

Reeling out data, Mr. Tyagi said the market has gained significant traction over the past years, as funds raised from the market touched Rs. 6.5 lakh crore mark or 16.3 percent of GDP in FY19 from Rs. 3.7 lakh crore mark or 13 percent of GDP in FY13.

To a question on a social stock exchange, which was announced in the budget, Mr. Tyagi said SEBI will be setting up a working group on the same.

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