New Delhi, Dec. 4 -- The Reserve Bank of India (RBI) on Thursday repealed guidelines issued almost a decade ago that were meant to curb concentration risks in banks and push large borrowers to borrow from the market.

The central bank first proposed the revocation of these guidelines on 1 October. It had then announced plans to withdraw its August 2016 framework on Enhancing Credit Supply for Large Borrowers through Market Mechanism.

On Thursday, the RBI said in a statement that some stakeholders had raised concerns that repealing the 2016 circular could hurt corporate bond market volumes.

However, it believes that the corporate bond market volumes have increased significantly over the years on account of several factors, including regu...