Written by Sunny Verma | New Delhi |
Published:December 26, 2015 4:42 am
In order to develop the corporate bond market, the finance ministry and the Reserve Bank of India are planning to restrict the amount of working capital funds and term loans that companies can borrow from banks. The ministry and the regulator plan to encourage companies to meet a portion of their funding requirements by raising funds in the corporate debt market and through commercial papers.
Another measure on the cards is to lower the transaction in corporate bonds for all category of investors, and reserve a specific portion of the bonds for retail investors, just as it is done in case …
Read the full article at: http://indianexpress.com/article/business/business-others/finmin-rbi-plan-to-put-curbs-on-capital-funds-term-loans-for-firms/