RBI Governor Shaktikanta Das said today that retail investors can now open gilt accounts in the central bank soon to invest in government bonds.
New Delhi. Reserve Bank of India Governor Shaktikanta Das (RBI Governor Shaktikanta Das) today said that retail investors can now open gilt accounts in the central bank soon to invest in government bonds. This move of the bank will allow additional growth in the bond market in India. Das said that the RBI will soon issue guidelines for this process. Explain that the Reserve Bank of India announced this in the meeting of the Monetary Policy Committee (RBI MPC).
Direct access to investment in government bond marketThe RBI chief said that India will join the list of countries where retail investors have direct access to government bonds. With this, retail and corporate investors will soon get direct access to the government bond market. Explain that the RBI sells government bonds. Large financial institutions invest in it. Government bonds are considered the safest investment. Steps
taken to increase the scope of investors- This step of RBI is being considered very important. This will expand the scope of investors in government bonds. Also it will be easy to buy and sell bonds. The Reserve Bank has said that it and the government are taking several steps to increase the scope of investors for the government bond market. This decision of RBI is part of changing the current strategy regarding investment in government bonds. Government bond market is also called G-Sec market
government in the budget of 2021-22 to increase the scope of investors in the government bond market. The government had said that RBI will take steps to facilitate small investors to invest in the primary and secondary markets through the stock exchange. Currently, there are very few countries where retail investors in government securities can take a direct position. Only a few big companies in India invest in G-Sec.
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