Although it is now recognised as an innovative regulation, at the time when RBI introduced it about a decade back, there was a push-back and criticism. Similarly, the recent measures such as better customer control on card usage, shorter Turn-Around-Times for transaction failures, tokenisation, etc. are all initiatives intended to protect the customer. 16.
Though SEBI has recently allowed reissuances by the corporates, there has not been any reissue of bonds by any corporate. In order to encourage reissuances, there may be a need for some incentives in the form reduced documentation formalities, less issuance fees, etc. Issuance of municipal bonds 11.