Banking regulator allows retail participation in state govt bonds in bid to broaden investor base3 min read . Updated: 06 Jun 2019, 10:31 PM IST
- Das said state development loans are not risky at all because there is an implicit sovereign guarantee in them
- States raise money from the market through SDLs, which are dated securities issued through auctions similar to those issued by the central government
MUMBAI : The Reserve Bank of India (RBI) on Thursday said it will allow retail participation in auctions of state development loans (SDL) in consultation with state governments.
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