The amount of debt raised by India Inc via public issuances saw a sharp 59 per cent decline in the first nine months of the current financial year to ₹11,746 crore against ₹28,565 crore in the year-ago period.
This comes in the backdrop of credit events relating to IL&FS, Dewan Housing Finance Corporation Ltd and Reliance Home Finance Ltd spooking retail investors.
“In recent quarters, we saw the book size of majority of NBFCs stagnate (if not fall). Thus, NBFCs have restricted their public issuances to a large extent. Additionally, the appetite for NBFC papers has been low on account of recent credit events,” said Marzban Irani, CIO (Fixed Income), LIC Mutual Fund.
In sync with repo rate fall
Bu hikaye The Hindu Business Line dergisinin February 11, 2020 sayısından alınmıştır.
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Bu hikaye The Hindu Business Line dergisinin February 11, 2020 sayısından alınmıştır.
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