It is the largest segment of debt market in India.
It accounts for nearly 2/3rd of the issues in primary market.
It accounts for nearly 4/5th of the turnover in secondary market.
Issues are regulated by RBI under Public Debt Act.
These securities are issued through an auction mechanism.
Perspective investors are banks, insurance companies, mutual funds, trusts, provident funds etc.
These instruments can be traded in WDM segment of NSE which is fully automated screen based trading system.
