SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES VOL. 1 NO. 1 PAPER 9
 
PRIVATE PLACEMENT: A SILENT REVOLUTION IN THE INDIAN DEBT MARKET
 
M.Selvam, M.Babu and S.Vanitha
Department of Commerce, Bharathidasan University, India
 
The debt market is much more popular than the equity market in many parts of the world. In India the reverse has been true. This has been due to the dominance of the government securities in the debt market and that too, a market where government was borrowing at pre-announced coupon rates from basically a captive group of investors, such as banks. This passive internal debt management policy, coupled with automatic monetisation of fiscal deficit prevented a deep and vibrant government securities. The objectives of the study are 1) to review the debt market related developments for the past years in India and 2) to analyse the role of private placement in Indian debt market. The study is basically explorative in nature. This study creates scope for further research on Debt Market in general and Private Placement in particular.
 
KEYWORDS: Public Issue, Private Placement, Indian Debt Market JEL CLASSIFICATIONS: G20, G30 FULL TEXT