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The corporate bond market is slowly coming of age, with liquidity in the secondary market on the rise, according to the Financial Stability Report (FSR) published by the Reserve Bank of India (RBI). “Various initiatives by the Securities and Exchange Board of India and RBI to develop the market for corporate bonds over the past few years seem to be bearing fruit now,” went the report, issued on Friday.
Primary issuance in the corporate bond space rose from Rs 1.74 lakh crore in 2008-09 to Rs 6.7 lakh crore in 2016-17. “Secondary market activities…are also on the rise, with 2016-17
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