Business Standard

Banks request RBI to include more long-term bonds in H1 FY24 borrowing

Banks expressed reservations about floating rate bonds in next year's borrowing

Photo: Bloomberg
Premium

Photo: Bloomberg

Bhaskar Dutta Mumbai
In recent meetings with senior officials of the Reserve Bank of India (RBI), banks are said to have suggested that more longer-tenure government bonds be issued, and a 20-year bond be introduced, in the Centre’s market borrowing calendar for April-September 2023.

The request for more longer-maturity government bonds comes after long-term investors, such as insurance companies, provident and pension funds, showed firm demand for such securities in the current financial year, sources told Business Standard.

Most banks also suggested that the RBI should not sell floating rate bonds (FRBs) or else it should reduce the quantum of these securities in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2023 | 2:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com