SEBI has re-constituted a 27 member committee to suggest a roadmap for developing the corporate bond market in the country? Who is the head of this committee?
Understanding SEBI and the Corporate Bond Market Committee
The Securities and Exchange Board of India (SEBI) plays a crucial role as the regulator of the securities market in India. Its main objectives include protecting the interests of investors, promoting the development of the securities market, and regulating market operations.
The corporate bond market is an important source of funding for companies. Developing a deep and liquid corporate bond market is essential for the growth of the Indian economy. Recognising this, SEBI often constitutes or re-constitutes committees to address specific areas of the market and suggest necessary reforms or roadmaps.
SEBI Committee for Corporate Bond Market Development
In line with the goal of strengthening the corporate bond market, SEBI re-constituted a 27-member committee. The primary mandate of this committee was to provide recommendations and suggest a detailed roadmap for the development of the corporate bond market in the country.
This roadmap would typically cover aspects like ease of issuance, increasing liquidity in secondary markets, enhancing market infrastructure, promoting wider participation from investors, and strengthening the regulatory framework.
Head of the Corporate Bond Market Committee
The important task of chairing this 27-member committee was entrusted to a person with significant experience in the financial regulatory space.
The head of the SEBI committee re-constituted to suggest a roadmap for developing the corporate bond market was H.R Khan.
H.R Khan is known for his extensive background in the financial sector, having previously served as a Deputy Governor at the Reserve Bank of India (RBI). His leadership was expected to guide the committee in formulating effective strategies for the growth of the corporate bond market.
Important Questions from Banking Committees and Recommendations
The amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) came into effect from _________.
Which committee was appointed to give a detailed report on the Non Performing Assets of public sector banks?
Match the following Banking sector reform committees with their respective purposes:
Committee
Purpose
(a)
Y.V. Reddy Committee
(i)
Revised method of lending in
place of cash credit system(b)
Rashid Jilani Committee
(ii)
Rationalization of interest rate on
small saving(c)
S.M Kelkar Committee
(iii)
Working capital lending norms
d)
I.T. Vaz Committee
(iv)
Regional Rural Banks
Choose the correct option from those given belowWhich of the following areas was investigated by the Chelliah Committee?
Which committee appointed by the Government of India recommended the formation of lead banks in 1969?
