Policy
Groww gets approval to sell corporate bonds
By Startup Enthusiast ·
- Date
- Company
- Groww
- What it does
- Groww bond platform approval
- Kind
- Policy
- Based in
- Bengaluru
What they do
Groww has reportedly received permission to run an online bond platform through which retail investors can buy listed corporate bonds
What happened
The licence lets it list, distribute and process bond trades directly in its app
Why it matters
The licence puts bonds beside the stocks, mutual funds and other market-linked products already sold in the app
The details
- Groww got an online bond platform licence, per a report.
- Users can buy listed corporate bonds in the app.
- Bonds are loans to companies that pay fixed interest.
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