Bond Market

The bond market (also called the debt market or fixed income market) is the financial marketplace where debt securities—including government bonds, corporate bonds, debentures, and money market instruments—are issued and traded. In India, the bond market is segmented into the government securities market (G-Sec market), regulated by the RBI, and the corporate bond market, regulated by SEBI. Trading occurs both on exchanges (NSE's debt segment) and over the counter (OTC) through the RBI's NDS-OM platform. The Indian bond market, though large in absolute terms, is less liquid and accessible to retail investors compared to the equity market, though SEBI has taken steps to deepen retail participation.