Overseas settlement of G-sec deals on anvil: Das

‘Move will help expand investor base’

The Reserve Bank of India (RBI) is planning to enable international settlement of transactions in government securities (G-secs) through International Central Securities Depositories (ICSDs), to help expandthe investor base for the G-secs market, RBI Governor Shaktikanta Das said on Tuesday. “Once operationalised, this will enhance access of non-residents to the G-secs market, as will the inclusion of Indian G-secs in global bond indices, for which efforts are ongoing,” he said, while delivering the keynote address at the 21st Annual Conference of FIMMDA and PDAI through a video link. The governor called for further development of the G-secs market in India to add to the robustness of financial markets. “Notwithstanding the robust evolution of the G-sec market in India, there is scope for further development to remain in sync with emerging requirements,” he said