The objective of the proposal is twofold: (1) to create an efficient and competitive single market for consumers, creditors and credit intermediaries, and (2) to promote financial stability by ensuring that mortgage credit markets operate in a responsible manner.
Measures taken to develop the corporate debt market 5. Taking into account the recommendations made by various expert committees, several measures have been taken by the Government of India, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) for the development of corporate debt market in India.