SBI launches India’s bond index series at London Stock Exchange

The State Bank of India (SBI) has launched India’s first bond index series for overseas investors at the London Stock Exchange (LSE). With the launch of this index alongside FTSE Russell, SBI intention is to give people a benchmark based on which they can make investment calls. The FTSE SBI Bond Index Series “demonstrates SBI’s commitment to play befitting leadership role” in development of India’s bond market. The Indian bond market is worth around USD 1.7 trillion.