Fund mobilization through private placement bonds hit an all-time high of ₹9.58 trillion in 2023, reflecting a 26 percent increase from the previous year, data released by Prime Database shows..
Pranav Haldea, managing director of Prime Database Group, says the growth can be attributed to an increase in credit demand driven by robust economic growth. At the same time, the banking system faced liquidity constraints, leading to entities exploring alternative avenues for capital infusion, the statement stated.
The highest mobilization in the year came from All-India Financial Institutions and banks, accounting for ₹4.71 trillion, marking a 29 percent increase from the previous year ₹3.66 trillion, according to the report.
The private sector (excluding banks/financial institutions) saw an astonishing 40 percent growth, mobilizing ₹4.45 trillion compared to ₹3.18 trillion in the previous year, it added.
Government entities played a key role, collectively mobilizing 41 percent of the total amount, surpassing the 38 percent seen in 2022.
Among government entities, All India Financial Institutions/banks led with 89 per cent share, followed by 9 per cent share of public sector undertakings.
HDFC has emerged as the leader in fund mobilisation, fundraising ₹74,062 crore, closely followed by Nabard ( ₹63,164 crore).
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Published: 16 Jan 2024, 15:59 IST