Trading in Public Sector Bonds & Units of Mutual Funds - Shri S S Nadkarni

The Reserve Bank of India formed a committee under the chairmanship of Shri S S Nadkarni to enhance the process for transactions in public sector bonds (PSU Bonds) and mutual fund units. It was also required to recommend the modalities of an alternative system covering the booking of transactions and efficient methods of accounting and transfers. The recommendations involve establishing an organized market arrangement for fixed yielding securities and an electronic book entry clearing facility supported by a depository.

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