Public sector lender SBI, and FTSE Russell, the global index and data provider have announced the launch of FTSE SBI Bond Index Series at London Stock Exchange on Friday.
The Index Series provides global investor community and other market participants the tools they need to analyse India’s bond market.
In November 2015, during the visit of Prime Minister Narendra Modi to the UK, a letter of intent was signed between SBI and FTSE to develop in partnership, a new index tracking Indian fixed income securities. This initiative was also announced as a priority under the India UK Financial Partnership (IUKFP).
This Index is also an important enabler to India focused funds and is expected to facilitate investment flows, the company said in a release.