Perspective on Launch of RBI- Retail Direct Scheme By Bal Krishna Piparaiya, Brickwork Ratings
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Below is perspective on Launch of RBI- Retail Direct Scheme By Bal Krishna Piparaiya, Principal Director, Brickwork Ratings
"RBI Retail Direct Scheme (RRDS) in G-Sec, launched by Honorable Prime Minister of India -Shri Narendra Modi for individual buyers, will boost the hitherto large untapped potentials of Gilt investment and will provide direct, convenient, cost-free liquid and zero risk investment opportunity in Gilt to HNI and other retail investors. This is a widely much awaited positive reform and will forge a paradigm shift in the bond market, spiking up demand for government bonds and lowering the cost of the government borrowing (which has so far been higher than banks’ deposit rates), going forward, in the long run."
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