Global bond indices play a critical role in influencing cross-border flow of debt capital. India isn't there as yet
Sebi's diktat on debt market borrowing isn't enough
Reforms in infrastructure strategy, bank governance and debt markets needed to prevent future NPA traumas
The ability to lock in returns and offer indexation benefit makes FMPs attractive in the current scenario of hardening yields
Trend likely to continue as Sebi has decided to offer direct entry to well-regulated foreign investors for investing in corporate bonds