Free Press Journal
  • Uniform valuation system in offing for corp bonds

    MUMBAI: The Sebi on Tuesday said there is a need for the financial sector to follow one system of valuation for corporate bonds to enhance participation and liquidity in the market. “We cannot have a dichotomous valuation system for corporate bonds,” G. Mahalingam, wholetime member at Sebi, said at an event organised by the Federation of Indian Chambers of Commerce and Industry. Currently, different sectors follow different conventions and practices to value

  • Rao new executive director at RBI

    Mumbai : The Reserve Bank has appointed M Rajeshwar Rao as executive director following G Mahalingam’s taking voluntary retirement from the central bank, reports PTI. As executive director, Rao will look after department of statistics and information management, financial markets operations department and international department, RBI said in a statement. Prior to taking over as the executive director, he was the chief general manager, financial markets operations Department. Rao has a Bachelor of