| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 1 |
NO. 1 |
PAPER 9 |
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PRIVATE PLACEMENT: A SILENT REVOLUTION IN THE INDIAN DEBT MARKET |
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| M.Selvam, M.Babu and S.Vanitha |
| Department of Commerce, Bharathidasan University, India |
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| The debt market is much more popular than the equity market in many
parts of the world. In India the reverse has been true. This has been
due to the dominance of the government securities in the debt market and
that too, a market where government was borrowing at pre-announced
coupon rates from basically a captive group of investors, such as banks.
This passive internal debt management policy, coupled with automatic
monetisation of fiscal deficit prevented a deep and vibrant government
securities. The objectives of the study are 1) to review the debt market
related developments for the past years in India and 2) to analyse the
role of private placement in Indian debt market. The study is basically
explorative in nature. This study creates scope for further research on
Debt Market in general and Private Placement in particular. |
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