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Opinion | Indian Debt market, that never was

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The Indian debt market, primarily of the fixed-income variety, can be broadly classified into: Money Market: Where the borrowing is for tenor of less than a year.

Inter Bank Term Money, repo transactions, Certificate of Deposits, Commercial Papers, T-Bills, etc. are some of the money market instruments through which short term requirement of funds are met by banks, institutions and the state and central governments. Bank and Corporate Deposits: Bank fixed deposits (FDs) have been popular and widely subscribed to, as the feeling of no-default-risk.

Corporate deposits are FDs issued by a company (non-bank). Government Securities: G-Secs are sovereign-rated debt papers, issued by the government with a face value of a fixed denomination. Corpor

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