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- The Reserve Bank of India has constituted a task force on the development of secondary market for corporate loans under T N Manoharan.
- The task force has also been asked to make recommendations for creation of a loan contract registry to remove information asymmetries between buyers and sellers ownership structure and standardisation of loan information, independent validation and data access.
- The secondary market is where securities are traded after the company has sold its offering on the primary market.It is also referred to as the stock market.
- Secondary loan market in India is largely restricted to asset reconstruction companies and ad hoc sale to other lenders including banks and no formalised mechanism has been developed to deepen the market.
- A well-developed secondary market for debt will help in transparent price discovery of the inherent riskiness of the debt being traded.



