“Companies are hatching the problems one after the other. They don't really have an answer to the question, ‘Is this going to be safe?’ They don't know,” he told Moneycontrol in an interview.
In the consultation paper issued on February 24, the regulator has said that there are two concerns it is trying to address.
Further he said that NaBFID can play an important role in several crucial developmental objectives viz., bond market development and the provision of technical assistance/ consultancy services for infra projects.