Sebi urges unified G-sec, corporate bond market to spur economic growth

The Sebi chief said that the fragmented yield curve is a fundamental problem in the Indian bond market

Ajay Tyagi, chairman, Securities and Exchange Board of India (Sebi) says a unified platform for government and private securities could go a long way in developing the corporate bond market in the country.

The Sebi chief says for the economic growth trajectory to move to the next level all means of financing corporate investments need to fire up.

Funds raised from corporate bonds has grown over the years from Rs 3.7 trillion in 2012-13, to Rs 6.5 trillion in  2018-19. He said credit disbursed by banks, however, declined from Rs 13 trillion in 2012-13 to Rs 11 trillion in 2018-19.