We expect the PDs would continue to support the market borrowing programmes, act as market makers by providing fillip to secondary markets and retail investors and proactively deal in the financial products such as CDS, IRF, etc. Reserve Bank is also exploring the possibility of enabling banks/PDs to make markets in corporate bonds through appropriate supportive measures.
Changing nature of financial markets necessitate that organisations, such as, FIMMDA and PDAI, play a more proactive role in bringing orderliness in market activities and desired level of discipline amongst market participants. Reserve Bank of India regularly engages with FIMMDA and PDAI on various issues of policy and provides inputs and perspectives of the market participants.