VOLUNTARY RETENTION ROUTE RELAXES SUBSCRIPTION NORMS FOR CORPORATE DEBT BY FOREIGN PORTFOLIO INVESTORS

Published On: 11/03/2019

Authors:

The Voluntary Retention Route announced by the RBI at the beginning of March gives FPIs the opportunity to subscribe for Indian corporate debt, free from the concentration and single issue restrictions introduced in the spring of 2018. But will the scheme's minimum retention period and timelines for subscription tempt FPIs back into the market? Ran Chakrabarti considers.