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RBI group to study retailing of govt securities

The Reserve Bank of India has set up a working group to analyse all related aspects of retailing government securities and make recommendations for improving the retail segment of the market.

The RBI said that an internal working group was also constituted to go into various aspects relating to two-way operations by the bank in the treasury bills market.

Arrangements relating to Clearing Corporation are under consideration which would pave the way for opening the repo market to public sector unit bonds and financial institutions' bonds held in demat form in depositories and traded in recognised stock exchanges with essential safeguards.

As a part of this, the RBI would shortly finalise a detailed guideline to widen the number of participants in the repos market. In this context, the central bank advised the primary dealers that they should have self-imposed reasonable leverage ratios with the consent of their board of directors.

UNI

ALSO SEE

RBI Governor Bimal Jalan's policy statement

RBI's Credit and Monetary Policy 1999-2000

RBI's Credit and Monetary Policy 1998-1999

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