
Primary Dealers (PDs) are financial institutions authorized by the Reserve Bank of India (RBI) to underwrite and participate directly in the auction of government securities, including Treasury Bills (T-Bills) and Dated Securities (G-Secs). The Reserve Bank of India (RBI) designates certain institutions as Primary Dealers (PDs) to strengthen the government securities (G-Sec) market.
These PDs are categorized into two types:
Bank Primary Dealers
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