India says no to bank guarantees for bonds


MUMBAI, May 31 (Reuters) - India's central bank said it had asked banks not to provide guarantees or commitments for issues of bonds or debt instruments by companies. Under existing rules, banks are only allowed to issue guarantees for loans taken out by corporates, it said. "Guarantees by the banking system for a corporate bond or any debt instrument not only have significant systemic implications, but also impede the development of a genuine corporate debt market," the Reserve Bank of ...

Premium Content (PAID Subscription Required)

"India says no to bank guarantees for bonds" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

more data and Insights


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×