Govt decides not to issue anymore zero coupon bonds for banks’ recapitalisation

New Delhi: The government has decided not to issue any more zero-coupon bonds towards bank capitalisation, said two officials aware of the developments. This comes after banking regulator Reserve Bank of India (RBI), and Department of Investment and Public Asset Management (DIPAM) raised concerns over the innovative capital infusion instrument resorted to by the government."We will not opt for zero coupon bonds," said one of the officials. The