RBI allows foreign investors to buy securitised debt | Reuters

MUMBAI The Reserve Bank of India on Thursday allowed foreign investors to buy securitised debt, which refers to securities such as mortgages structured by issuers, as part of efforts to attract more flows into debt markets.The securitised debt can include any securities issued by special purpose vehicles in which banks or certain financial firms are the originators, the RBI said.For securitised debt investments, the RBI also waived a rule that requires foreign investors to invest only in debt with at least three years in remaining maturity. The central also allowed foreign investors to invest in unlisted corporate bonds, though it forms only a small segment of the debt market.

In a separate statement, the RBI also allowed insurance companies to invest abroad, while allowing residents outside India to pay for premiums with foreign currency, among measures targeting foreign exchange activities in the insurance sector.

For securitised debt statement see: bit.ly/2fYW4MgFor insurance statement see: bit.ly/2fYScer

(Reporting by Suvashree Dey Choudhury; Editing by Rafael Nam)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Nov 17, 2016 23:00 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See