Sebi Chair Madhabi Buch bats for Akshay Kumar. Here's why

With the inclusion of the government of India (GoI) securities in the global indices, Madhabi Buch said that can expect to see a large amount of foreign interest in our GoI securities

When the Indian bond market takes off, Akshay Kumar will have a starring role, according to the Chairperson of Sebi.

At the Rising Bharat Summit, organised by News18, Madhabi Puri Buch talked about her ambitions for the Indian bond market.

Expanding on the regulator's ambitions, she also made a joke about having an Indian James Bond to announce the bond market's success and picked Akshay Kumar to essay that role.

Also check for live updates on the Rising Bharat Summit here

Presenting slide in her presentation, which showed various actors that played James Bond over the years, she said, "When we think of the markets we all invariably think of the share market. But we have a very vibrant bond market. People do not know this."

While the secondary market is not as vibrant and the regulator is taking steps to current that, she said that the primary market in bonds is contributing significantly to the debt requirements of India Inc.

"For every Rs 100 the banking system gives to corporate India, the bond market gives Rs 60. Most people are not aware of how large that number is. We are expecting this to grow much more," she said.

With the inclusion of the government of India (GoI) securities in the global indices, she said that can expect to see a large amount of foreign interest in our GoI securities. She added, "Once the GoI yield curve is established, investors automatically tend to come into our corporate bond market as well because you just benchmark off the GoI yield and then add the credit spread."

Buch stated, "We should see a good amount of inflow in the Indian bond market and, as people tell me, now we will need to have an Indian hero there (in the Powerpoint slide showing different James Bonds) and I said we will put Akshay Kumar there in the same natty suit."