Asian credit correspondent
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Indian markets recovered last week after a brief wobble following the resignation of the central bank governor, on hopes that the new head will ease financial conditions and bolster growth ahead of general elections next year.
In a domestic debt market roiled by rising yields and a high-profile default, AK Capital stood out with fresh ideas, including a market-leading smart city bond, and for helping restore confidence in non-bank financial institutions.
The Indian government is turning to exchange-traded funds to raise money at a challenging time in the capital markets.