Need to Boost Derivative Markets, Improve Capital Markets: Viral Acharya

Mumbai: The RBI, in important initiatives, has three committees and a working group with the aim of develop the Indian capital markets further, while to boost derivatives markets, efforts are required in encouraging better risk management by domestic institutions, especially banks, outgoing RBI Deputy Governor Viral Acharya has said. “With the untapped interest rate derivatives market set for a pickup in the risk management activity of banks and non-banks, the role of complementary markets will strengthen in the years to follow. “Important initiatives are underway to develop Indian capital markets further,” he said in his address “Development of Viable Capital Markets – The Indian Experience” at the Indian School of Business, Hyderabad, on last Saturday. (IANS)

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