This became possible due to the sustained efforts devoted to elongation of the maturity profile of government securities. Corporate debt market The development of a corporate bond market in India has lagged behind in comparison with other financial market segments owing to many structural factors.
Reversion to some sort of steady values for risk appetite can undo established market trends and give rise to a prolonged period of strains in market valuations. 10  The emergence and growth of new financial intermediaries can have further and deeper causes.