Online bond platforms mull forming industry association
Several online bond platforms in India are considering creating an industry association similar to the Association of Mutual Funds in India, after a request from the Securities and Exchange Board of India. The association would help address industry issues and grievances. IndiaBonds, GoldenPi and The Fixed Income and Bond Bazar are among the regulators currently recognized. Retail interest in online bond investing has grown since Sebi reduced the face value of debt securities issued in private placements to INR 1 lakh from INR 10 lakh. The regulatory body has also implemented new rules around transparency, settlements, redressal mechanisms and offerings.
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