ICICI Bank Says Indian Bonds Face Hurdle as Stocks Lure Savings

Indian bonds have limited scope to rally as a shift in household savings to equities and changes to banks’ investment rules dampen demand for long-term debt, according to a senior...

By Bhaskar Dutta, Pratigya Vajpayee · Bloomberg Markets

Indian bonds have limited scope to rally as a shift in household savings to equities and changes to banks’ investment rules dampen demand for long-term debt, according to a senior executive at ICICI Bank Ltd.