RBI panel recommends self-regulatory agency for secondary markets
- The self-regulatory body must be set up within three months from the date of acceptance of the suggestions, says the report
- Other recommendations of the Task Force include linking the pricing of all loans to an external benchmark as the current MCLR may not be comparable across banks
MUMBAI : A task force set up by the Reserve Bank of India (RBI) submitted its report on the development of a secondary market for corporate loans on Tuesday.
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