Developing India's Corporate Bond Market

A well-developed corporate bond market is essential for the efficiency and stability of a country's financial system and the overall growth of its economy. Issuers and investors' access to the market provides for financial diversification...

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Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AUCTION BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK REGULATIONS BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS BOND DEBT BOND ISSUES BOND MARKET BOND MARKETS BONDS BORROWING CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION COMMERCIAL BANKS COMPANY CORPORATE BONDS CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE PERFORMANCE CORPORATION CORPORATIONS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT DEBT INSTRUMENTS DERIVATIVES DISCLOSURE OF INFORMATION DIVERSIFICATION ECONOMIC GROWTH EMERGING MARKET EMERGING MARKETS EQUITY CAPITAL EXPANSION FAIR FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL STABILITY FINANCIAL SYSTEMS FIRMS FOREIGN ASSETS FOREIGN EXCHANGE GROSS DOMESTIC PRODUCT INFRASTRUCTURE FINANCING INSURANCE INSURANCE COMPANIES INSURERS INTEREST RATES INVESTMENT IN INFRASTRUCTURE LATIN AMERICAN LAWS LEGISLATION LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY MACROECONOMIC STABILITY MARKET ACCESS MARKET DEVELOPMENT MARKET DISCIPLINE MARKET MICROSTRUCTURE MARKET REFORM MARKET REFORMS MATURITIES MONETARY POLICY MONEY MARKET MUTUAL FUNDS NON-LIFE INSURANCE OFFERINGS PENSION FUNDS PENSIONS PORTFOLIOS PRICING MECHANISM PRIVATE PENSION FUNDS PRIVATE SECTOR DEVELOPMENT PROVIDENT FUNDS RATING AGENCIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RESERVE BANK OF INDIA RESOURCE MOBILIZATION RETAIL RISK MANAGEMENT RISK SHARING SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SECURITIZATION SETTLEMENT RISKS SETTLEMENT SYSTEMS SPONSORS STOCK EXCHANGES SYSTEMIC RISK TAXATION TRANSPARENCY TURNOVER
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7483305/developing-indias-corporate-bond-market http://hdl.handle.net/10986/19625

id	okr-10986-19625
recordtype	oai_dc
spelling	okr-10986-196252021-04-23T14:03:46Z Developing India's Corporate Bond Market World Bank ACCOUNTING AUCTION BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK REGULATIONS BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS BOND DEBT BOND ISSUES BOND MARKET BOND MARKETS BONDS BORROWING CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION COMMERCIAL BANKS COMPANY CORPORATE BONDS CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE PERFORMANCE CORPORATION CORPORATIONS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT DEBT INSTRUMENTS DERIVATIVES DISCLOSURE OF INFORMATION DIVERSIFICATION ECONOMIC GROWTH EMERGING MARKET EMERGING MARKETS EQUITY CAPITAL EXPANSION FAIR FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL STABILITY FINANCIAL SYSTEMS FIRMS FOREIGN ASSETS FOREIGN EXCHANGE GROSS DOMESTIC PRODUCT INFRASTRUCTURE FINANCING INSURANCE INSURANCE COMPANIES INSURERS INTEREST RATES INVESTMENT IN INFRASTRUCTURE LATIN AMERICAN LAWS LEGISLATION LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY MACROECONOMIC STABILITY MARKET ACCESS MARKET DEVELOPMENT MARKET DISCIPLINE MARKET MICROSTRUCTURE MARKET REFORM MARKET REFORMS MATURITIES MONETARY POLICY MONEY MARKET MUTUAL FUNDS NON-LIFE INSURANCE OFFERINGS PENSION FUNDS PENSIONS PORTFOLIOS PRICING MECHANISM PRIVATE PENSION FUNDS PRIVATE SECTOR DEVELOPMENT PROVIDENT FUNDS RATING AGENCIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RESERVE BANK OF INDIA RESOURCE MOBILIZATION RETAIL RISK MANAGEMENT RISK SHARING SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SECURITIZATION SETTLEMENT RISKS SETTLEMENT SYSTEMS SPONSORS STOCK EXCHANGES SYSTEMIC RISK TAXATION TRANSPARENCY TURNOVER A well-developed corporate bond market is essential for the efficiency and stability of a country's financial system and the overall growth of its economy. Issuers and investors' access to the market provides for financial diversification and facilitates necessary financing, which benefits not only AAA-rated corporations but also less well known, sub-investment grade corporations and infrastructure developers. This note examines the state of India's corporate bond market, identifies constraints that inhibit its size and depth, and suggests reform measures that India needs to take to develop its market into a competitive source of financing for a wide range of issuers and an attractive investment for a wide range of investors. Recommendations are based not only on an assessment of conditions in India, but also on relevant international experience. 2014-08-22T20:42:46Z 2014-08-22T20:42:46Z 2006-12 http://documents.worldbank.org/curated/en/2006/12/7483305/developing-indias-corporate-bond-market http://hdl.handle.net/10986/19625 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING AUCTION BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK REGULATIONS BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS BOND DEBT BOND ISSUES BOND MARKET BOND MARKETS BONDS BORROWING CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION COMMERCIAL BANKS COMPANY CORPORATE BONDS CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE PERFORMANCE CORPORATION CORPORATIONS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT DEBT INSTRUMENTS DERIVATIVES DISCLOSURE OF INFORMATION DIVERSIFICATION ECONOMIC GROWTH EMERGING MARKET EMERGING MARKETS EQUITY CAPITAL EXPANSION FAIR FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL STABILITY FINANCIAL SYSTEMS FIRMS FOREIGN ASSETS FOREIGN EXCHANGE GROSS DOMESTIC PRODUCT INFRASTRUCTURE FINANCING INSURANCE INSURANCE COMPANIES INSURERS INTEREST RATES INVESTMENT IN INFRASTRUCTURE LATIN AMERICAN LAWS LEGISLATION LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY MACROECONOMIC STABILITY MARKET ACCESS MARKET DEVELOPMENT MARKET DISCIPLINE MARKET MICROSTRUCTURE MARKET REFORM MARKET REFORMS MATURITIES MONETARY POLICY MONEY MARKET MUTUAL FUNDS NON-LIFE INSURANCE OFFERINGS PENSION FUNDS PENSIONS PORTFOLIOS PRICING MECHANISM PRIVATE PENSION FUNDS PRIVATE SECTOR DEVELOPMENT PROVIDENT FUNDS RATING AGENCIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RESERVE BANK OF INDIA RESOURCE MOBILIZATION RETAIL RISK MANAGEMENT RISK SHARING SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SECURITIZATION SETTLEMENT RISKS SETTLEMENT SYSTEMS SPONSORS STOCK EXCHANGES SYSTEMIC RISK TAXATION TRANSPARENCY TURNOVER
spellingShingle	ACCOUNTING AUCTION BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK REGULATIONS BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAWS BANKS BOND DEBT BOND ISSUES BOND MARKET BOND MARKETS BONDS BORROWING CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION COMMERCIAL BANKS COMPANY CORPORATE BONDS CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE PERFORMANCE CORPORATION CORPORATIONS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT DEBT INSTRUMENTS DERIVATIVES DISCLOSURE OF INFORMATION DIVERSIFICATION ECONOMIC GROWTH EMERGING MARKET EMERGING MARKETS EQUITY CAPITAL EXPANSION FAIR FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL STABILITY FINANCIAL SYSTEMS FIRMS FOREIGN ASSETS FOREIGN EXCHANGE GROSS DOMESTIC PRODUCT INFRASTRUCTURE FINANCING INSURANCE INSURANCE COMPANIES INSURERS INTEREST RATES INVESTMENT IN INFRASTRUCTURE LATIN AMERICAN LAWS LEGISLATION LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY MACROECONOMIC STABILITY MARKET ACCESS MARKET DEVELOPMENT MARKET DISCIPLINE MARKET MICROSTRUCTURE MARKET REFORM MARKET REFORMS MATURITIES MONETARY POLICY MONEY MARKET MUTUAL FUNDS NON-LIFE INSURANCE OFFERINGS PENSION FUNDS PENSIONS PORTFOLIOS PRICING MECHANISM PRIVATE PENSION FUNDS PRIVATE SECTOR DEVELOPMENT PROVIDENT FUNDS RATING AGENCIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RESERVE BANK OF INDIA RESOURCE MOBILIZATION RETAIL RISK MANAGEMENT RISK SHARING SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SECURITIZATION SETTLEMENT RISKS SETTLEMENT SYSTEMS SPONSORS STOCK EXCHANGES SYSTEMIC RISK TAXATION TRANSPARENCY TURNOVER World Bank Developing India's Corporate Bond Market
geographic_facet	South Asia India
description	A well-developed corporate bond market is essential for the efficiency and stability of a country's financial system and the overall growth of its economy. Issuers and investors' access to the market provides for financial diversification and facilitates necessary financing, which benefits not only AAA-rated corporations but also less well known, sub-investment grade corporations and infrastructure developers. This note examines the state of India's corporate bond market, identifies constraints that inhibit its size and depth, and suggests reform measures that India needs to take to develop its market into a competitive source of financing for a wide range of issuers and an attractive investment for a wide range of investors. Recommendations are based not only on an assessment of conditions in India, but also on relevant international experience.
format	Economic & Sector Work :: Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Developing India's Corporate Bond Market
title_short	Developing India's Corporate Bond Market
title_full	Developing India's Corporate Bond Market
title_fullStr	Developing India's Corporate Bond Market
title_full_unstemmed	Developing India's Corporate Bond Market
title_sort	developing india's corporate bond market
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2006/12/7483305/developing-indias-corporate-bond-market http://hdl.handle.net/10986/19625
_version_	1764441394180521984

Developing India's Corporate Bond Market

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