Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

Drastic Changes Needed to Develop Debt Market, Says Former Sebi Chief UK Sinha

Former Sebi chairman UK Sinha said the corporate bond market can develop only on the back of a very vibrant government bond market.


Updated:November 18, 2019, 7:05 PM IST
facebookTwitter Pocket whatsapp
Drastic Changes Needed to Develop Debt Market, Says Former Sebi Chief UK Sinha
File photo of former Sebi chairman UK Sinha.

New Delhi: Acknowledging the fact that lack of a good debt market is a national problem, former chairman of the Securities Exchange Board of India (Sebi) UK Sinha said there was a need for drastic changes to develop the same.

In an exclusive interview with CNBC-TV18, Sinha said there are dozens of reports pointing out at how that should be done and the corporate bond market can develop only on the back of a very vibrant government bond market.

On whether there is a possible resolution for non-banking financial companies (NBFCs) under the insolvency and bankruptcy code (IBC), he said, “Global experience is that financial sector companies require a different set of rules.”

“The government is incrementally trying to test the waters,” said Sinha, adding that some financial sector companies can be tackled through the IBC mechanism.

Talking about loans against shares, he said, “In hindsight, may be things could have been looked at more a prompt and timely (manner), but the good thing is that at last, things are under control as far as the regulatory regime is concerned.

"My feeling is that the new changes which Sebi has brought about, for example, mandatory 20% in liquid assets for liquid funds, reducing sectoral caps, must-have investments only in listed commercial papers (CPs) and non-convertible debentures (NCDs) and graded exit load for first seven days... will provide a lot of comfort and safety to investors."

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 320.00 -4.82
ICICI Bank 524.80 -0.62
Indiabulls Hsg 272.45 -4.44
Reliance 1,554.90 0.26
Company Price Change %Gain
Yes Bank 56.00 -9.82
Indiabulls Hsg 272.40 -4.39
SBI 319.80 -4.89
Reliance 1,554.95 0.30
RBL Bank 338.80 -7.28
Top Gainers
Company Price Change %Gain
Bharti Infratel 259.70 5.55
Kotak Mahindra 1,674.30 1.52
JSW Steel 254.10 1.05
Tata Steel 403.25 0.86
Dr Reddys Labs 2,890.80 0.67
Company Price Change %Gain
Kotak Mahindra 1,674.30 1.48
Tata Steel 402.95 0.83
Reliance 1,554.95 0.30
Asian Paints 1,717.35 0.15
Infosys 715.15 0.07
Top Losers
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 320.00 -4.82
Zee Entertain 287.70 -4.12
GAIL 117.15 -3.34
IndusInd Bank 1,465.85 -2.91
Company Price Change %Gain
Yes Bank 56.00 -9.82
SBI 319.80 -4.89
IndusInd Bank 1,463.75 -3.05
Tata Motors 161.50 -2.77
M&M 510.30 -2.73

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results