Reserve Bank through carefully and cautiously sequenced measures within a clear cut agenda for primary and secondary market design, development of institutions, enlargement of participants and products, dissemination of market information, prudential guidelines on valuation, accounting and disclosure.
Consequently, the G-Sec market has witnessed significant transformation in various dimensions, viz., market-based price discovery, widening of investor base, introduction of new instruments, establishment of primary dealers and electronic trading & settlement infrastructure. 20. For development of bond markets, Reserve Bank of India adopted a strategy for creation of an efficient market infrastructure to enable safe trading.