Depends on what you do. If today, you as an individual investors go and buy bonds from a broker etc, the deal happens off-market (OTC). As for institutions NBFCs, Mutual funds, insurance companies, pension funds, PMS’, are the bigger players.
thanks , btw who are the bigger players in OTC derivatives market in india because all the insitutions you mentioned are prohibited or restricted to participatr in these , banks can only use them to hedge so who are the instituions providing liquidity to these products .
@Bhuvan Harshad using bank’s money lying idle is his account for a couple of days is debatable and sounds smart but risky and is in grey area of legalities since the rules were not defined in black and white back then, do you think the system still has many loopholes which are yet to be fixed?
What I decipher is there are always loopholes and hence here also they exist. All preexisting players of money market were using those loopholes, as said in episode 4 I think. But when someone exploits it to much higher limits that it becomes big elephant, it becomes difficult to hide, specially for a guy like harshad. May be big money is like hypnotising diamond .