New Delhi: In a bid to boost capital in the Indian markets, the Reserve Bank of India on Friday authourised Goldman Sachs to undertake primary dealership business from April 18 this year.

"The Central Bank of India has authourised Goldman Sachs (India) Capital Markets Private Limited to undertake primary dealer business in the country's government debt market with effect from Monday, April 18," RBI said in a statement.

Primary dealers are banks, brokers, dealers or other financial institutions that deals in government securities.

In India, Goldman Sachs operates out of offices in Bangalore and Mumbai and is into investment banking, global investment research, operations and technology practices.

Agencies