Bond platforms seek Sebi nod to work with offline agent networks

Online bond distribution platforms that relied on their mobile applications to acquire customers have sought the capital-market regulator’s nod to work with offline agent networks for distribution of their products, two people aware of their correspondence with the Securities and Exchange Board of India (Sebi) told ET.

The industry has reached out to Sebi with a proposal to create a network similar to mutual fund distributors, which can work with these platforms to popularise bonds among retail investors.