Pitching For Debt

......... Harun R. Khan, RBI Deputy Governor, is on record stating that catering to the needs of retail investors is often an essential part of the overall strategy to develop a more diversified investor base for G-Secs. “Reliance by governments on captive sources of funding, whereby financial institutions are required to purchase and hold government securities, is diminishing in many countries. Instead countries are developing a diversified investor base for their G-Secs. In the Indian context, the Statutory Liquidity Ratio prescription, under which banks are required to hold a certain percentage of their deposits in G-Secs, is also declining,” said Khan...............

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