According to data compiled by Primedatabase, CD issuances in FY25 (up to December 13) have touched ₹7.93 trillion.
In the first fortnight of December alone, issuances exceeded ₹81,000 crore and are expected to surpass November's total of ₹92,260 crore.
In FY24, CD issuances amounted to ₹9.56 trillion, compared to ₹7.28 trillion in FY23, ₹2.87 trillion in FY22, and ₹90,890 crore in FY21.
CDs are negotiable money market instruments issued by banks, with maturities ranging from seven days to one year. Financial institutions, on the other hand, are allowed to issue CDs with maturities between one and three years.
They are rated by approved rating agencies. This rating enhances their tradability in the secondary market, depending on the demand.
この記事は Business Standard の December 18, 2024 版に掲載されています。
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この記事は Business Standard の December 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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