The head of Sebi discussed her goals for the Indian bond market and joked about releasing an Indian James Bond to honor the bond market’s accomplishment.
Speaking about the Indian bond market, Madhabi Puri Buch, the chairperson of Sebi, suggested that Akshay Kumar might play a key role in it. Madhabi Puri Buch discussed her goals for the Indian bond market at the Rising Bharat Summit, cracking jokes about an Indian James Bond to herald the bond market’s triumph. For this, who did she choose? Kumar Akshay.
She stated, “When we think of the markets, we all invariably think of the share market,” pointing to a slide in her presentation that had several actors who have portrayed James Bond throughout the years. On the other hand, our bond market is thriving. People are unaware of this.
“The bond market offers corporate India ₹60 for every ₹100 that the banking system lends it. The majority of people are unaware of how high that figure is. We anticipate this to expand far more,” she remarked.
Nevertheless, she noted that a significant level of foreign interest in GoI securities is anticipated given the inclusion of GoI securities in global indices, stating that “Once the GoI yield curve is established, investors automatically tend to come into our corporate bond market as well because you just benchmark off the GoI yield and then add the credit spread.”
She continued, “We should see a good amount of inflow in the Indian bond market and, as people tell me, now we will need to have an Indian hero there (in the PowerPoint slide showing different James Bonds) and I said we will put Akshay Kumar there in the same natty suit.”
