Developing Debt Market through Securitisation
- Dr. Jagdish Joshipura Director, Som Lalit Institute of Management Studies, Ahmedabad, India
Abstract:
A well developed and deep debt market offer many benefits to the economy. It would provide conducive environment for the Central Bank to move away to open market operations- an effective indirect instrument of monetary policy. Securitization helps in this direction. It would help in better management of Non-performing assets in Banks and NBFC’s also. It improves liquidity in the economy as well as bringing new financial instruments in the market. An attempt is made in this research paper to suggest a road map for its effectiveness.