Prasanna Balachander ICICI Bank Prasanna Balachander is group head of global markets sales, trading and research at ICICI Bank. He is responsible for economic research, trading, market-making and sales/distribution of all treasury products relating to fixed income, foreign exchange and derivatives. He is also the chairman of ICICI Securities Primary Dealership (I-SEC PD). He has contributed to various committees formed by RBI, Sebi and FIMMDA for the development of new products in India. He is c

IFR Asia: India’s debt markets have weathered their fair share of challenges over the past few years. Long before the coronavirus began spreading, a string of defaults from non-bank lenders had sapped confidence in the financial sector. In the past year, the Reserve Bank of India has announced unprecedented measures amid the pandemic to ensure smooth flow of capital to corporates. While a strong policy response to the pandemic protected India from a full-blown financial crisis, it also del