Mumbai: The Reserve Bank of India (RBI) has decided to give retail investors direct access to the government securities market.
The major structural reform was announced by RBI Governor Shaktikanta Das on Friday.
“This will broaden the investor base and provide retail investors with enhanced access to participate in the government securities market. This is a major structural reform placing india among select few countries which have similar facilities,” the governor said.
The central bank proposed to provide retail investors with online access to the government securities market both primary and secondary directly through the Reserve Bank
According to Das, India will join a select group of countries offering such facility to investors.
This will allow such investors to open Gilt account with the apex bank.
Kalinga AI