RBI wants states' fiscal condition to set loan price

Issuance to happen every week rather than every alternate week to avoid bunching up

Anup Roy  |  Mumbai 

The Reserve Bank of India (RBI) on Wednesday proposed to make the state development loan market more structured, by moving the issuances towards a more market-determined pricing based on a state’s fiscal condition.  Besides, the central bank said such issuance would be conducted on a weekly basis, instead of every alternate week, so that the bunched-up issuances could be reduced in size.  State loans, or bonds issued by state governments, have increased in size in recent times, as states engage in farm debt waivers. The weekly issuance size frequently rises ...

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First Published: Thu, October 05 2017. 02:10 IST