Jerome H Powell: Trends in fixed-income markets Testimony by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, before the Subcommittee on Securities, Insurance, and Investment, and Subcommittee on Economic Policy, Committee on Banking, Housing, and Urban Affairs, US Senate, Washington DC, 14 April 2016.
Further, in the absence of an active capital market, the Reserve Bank actively assisted in setting up of several specialized financial institutions at all India and also regional level, to widen the facilities for term-finance to industry and for institutionalization of savings.