India’s debt markets have weathered their fair share of challenges over the past few years. Long before the Coronavirus pandemic began to make its presence felt around the world, India had suffered from a string of defaults in non-banking financial companies, sapping the confidence of the financial sector. The onset of the Covid-19 crisis shattered the already fragile sentiment in the market and wiped out years of India’s hard-won economic expansion. Alongside the action taken by its international peers, the Reserve Bank of India announced...Read more