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Must improve trade data integrity in corporate bonds: RBI Deputy Governor

"While we can discuss the reasons for this trend, it is clear that the corporate bond market largely meets the needs of highly rated corporates," he said

growth, corporate bond, banks, balanced sheets, bankruptcy code
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Illustration: Ajay Mohanty

Bhaskar Dutta Mumbai
Highlighting challenges faced in deepening India’s corporate bond market, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said that improving the quality of trade data in the market and adopting a single valuation method were key aims to be aspired for.

“There has been feedback from market participants about the need for improving the timeliness and integrity of data on primary and secondary market transactions in the corporate bond market,” Sankar said while delivering the keynote address at the Bombay Chamber of Commerce and Industry on Wednesday.

“This is arguably a low-hanging fruit we can aspire for. It

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First Published: Aug 24 2022 | 9:56 PM IST

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