Secondary Market & Palyers

The major participants in the secondary market are scheduled banks, financial Institutions, Primary dealers, mutual funds, insurance companies and corporate treasuries. Other entities like cooperative and regional rural banks, educational and religious trusts etc. have also begun investing their short term funds in treasury bills.

Advantages

Market related yields
Transparency in operations as the transactions would be put through Reserve Bank of India’s SGL or Client’s Gilt account only
Two way quotes offered by primary dealers for purchase and sale of treasury bills.
Certainty in terms of availability, entry & exit