In the period from April to December of the current financial year, the country’s banks have raised Rs 91,000 crore through bonds. The figure for the full fiscal year could be as high as Rs 1.30 to Rs 1.40 trillion, said a report.
During the last financial year, the country’s banks had raised Rs 73,000 crore through bonds. In the financial year 2016-17, Rs 80,000 crore was raised through bonds, which is the highest figure so far, according to a report in ICRA.
In the fourth quarter of the current financial year, more than Rs 40,000 to Rs 50,000 crore bonds are expected to come.
Keeping in view the widening gap between deposit and deposit growth, banks are raising money from the market to meet deposit growth.
Keeping in view the tight liquidity situation, banks are also trying to raise funds through other channels, especially through refinance from All India Financial Institutions. As on December 16 of the current financial year, the deposits of banks have increased to Rs 12.70 trillion, compared to the deposits. Rupees remained at 8.90 trillion.
