FinPlan Term

Debt Market in India

Debt market is a platform for issuance, trading and settlement of fixed income securities or debt securities of various types. These instruments include Treasury Bills, Government Bonds, Promissory Notes, Certificates of Deposits, Commercial Paper, Non-Convertible Debentures, etc. 
Indian debt market is one of the largest in Asia and includes securities issued by the Government (Central & State Governments), public sector undertakings, other government bodies, financial institutions, banks and corporates. 
Debt market consists of three segments: Government security market, Public sector undertaking bond market(PSU) and Corporate security market. Government securities market accounts for about 90% of the total turnover of more than Rs.27,000 billion per year.