NITI Aayog to lay out roadmap for deepening of corporate bond market

In its Annual Report 2023-24, the Aayog said corporate bond markets are an efficient cost minimization process for long-term funding and contribute significantly to financial stability. It is a mechanism for supporting the bank for long-term lending against relatively shorter-tenor liabilities and helping the insurance companies and pension fund holders to diversify their portfolios while spreading or distributing the risks and managing the liquidity gap, it said.