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India insurance regulator nudging insurers to trade bonds
[MUMBAI] India's insurance regulator is nudging insurers to trade some of its government and corporate debt, instead of holding them to maturity, said VR Iyer, a senior official at the Insurance Regulatory and Development Authority of India, said on Tuesday.
India's capital markets regulator will also come out with guidelines for exchange-traded repos, said RK Agarwal, a senior official at the Securities and Exchange Board of India, seeking to bring more regulation to a still relatively young product in India.
Both the officials were taking part in a panel discussion on corporate bonds in Mumbai.
India has been keen to develop its debt markets, especially in corporate bonds. Insurers are among the biggest debt investors in the country.