ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Commercial BondsSubscribe to Commercial Bonds

Secondary Market to the Fore

The growth of the financial market in 2002-03 was much more marked in the secondary market than in the primary segment. Turnover in all three components of the secondary market - equity, debt and forex - continued to grow apace.

Little Scope for Lower Lending Rates

While commercial bank lending rates were undoubtedly high till March 1999, the scope for any significant reduction in them below their current levels is small as banks' margins have been squeezed by their cost of funds, transaction costs and burden of nonperforming assets as also by non-bank competition.
Back to Top