Money Market

MONEY grocery IN INDIA
A report submitted for indispensable assessment of INDIAN FINANCIAL SYSTEM

Under the guidance of Prof. K. P. Ramakrishnan
wide-awake BY
Roll No. Name Section

70

Mr. Rohit Bhagat

FN-1

Indian Institute

of

Planning

&

Management

MONEY MARKET IN INDIA


The debt merchandise in India is of nearly age and of some substantial size. The regime Securities market dates back to 1859 when the British Government took over from the East India Company; there has been active debt government issue by the government both before and after independence. incorporated Bonds, mainly debentures, were being issued by companies of good standing in the pre-war and post-war years. There was, of course, a decline in corporate fastening issues in the decades of sixties and seventies following the arrival of call lending institutions who supplied the bulk of the medium and long confines supporting requirements of the private sector. The public sector’s long term funding needs were met by the State. The corporate bond market started reviving in 1980s and we now see a fairly well-segmented debt market in India comprising :

Government securities (G-Sec) market bodied Bond market (convertibles–compulsorily / optionally– PCDs, NCDs, etcetera



) PSU Bonds (taxable and non-taxable) FI/Bank Bonds (recent development)

We ar also beginning to see the arrival of securitised bonds, backed by assets like auto finance receivables, energy sale receivables, etc. Volumes reveal the following statistics:

Outstanding Government Securities Rs. 3,50,000 crore (Central and State) Outstanding individual(a) and Public Sector Rs. 1,10,000 crore Corporate debt Rs. 4,60,000 crore

These are impressive figures and shine the already large dimension of the existing bond market. These figures oppose well with the total market capitalisation of all stocks listed on BSE (viz. around Rs.5,00,000 crore). The other positive side of India’s debt market...If you want to get a full essay, order it on our website: Ordercustompaper.com



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