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Special Zero Coupon Bonds Explained by Prashant Singh is a document available to read on EtoBox.
The government issued Rs. 5,500 crore of Special Zero Coupon Recapitalization Bonds to Punjab & Sind Bank to meet capital adequacy norms set by the Reserve Bank of India. These special bonds were only available for purchase by Punjab & Sind Bank and will be repaid at par at maturity with no periodic interest payments. The issuance of these bonds allows the government to recapitalize the bank in accordance with RBI guidelines while maintaining its fiscal deficit targets as funds do not directly leave governm
- Author
- Prashant Singh
- Language
- EN