In order to encourage a wider spectrum of investors to access the Indian corporate debt market. RBI has withdrawn paragraph 4(f) (ii) of AP (DIR Series) Circular No. 31 dated June 15, 2018 which refers to Single/Group investor-wise limits in corporate bonds.
Hence, as announced in paragraph 10 of the Statement on Developmental and Regulatory Policies of the Sixth Bi-monthly Monetary Policy Statement for 2018-19 dated February 07, 2019 . RBI has allowed FPI to have an exposure of more than 20% of its corporate bond portfolio to a single corporate (including exposure to entities related to the corporate).