The slower deposit growth will push banks to mop-up up to Rs 1.3 lakh crore from bond issuances in FY25, a report said on Tuesday.
The bond issuances, coming amidst a continuing wedge between deposit and credit growth, will come between Rs 1.2-1.3 lakh crore and will be the highest ever for the system, the report said.
Nearly 85 per cent of the bond issuances will be by public sector banks, the report by domestic rating agency Icra said, adding that the higher appetite for infra bonds among such lenders will drive the market.
“Tight liquidity conditions and credit growth continuously surpassing deposit growth has necessitated fundraising by banks from alternate sources,” the agency said.
Banks had raised Rs 1 lakh crore from the bond issuances avenue in FY24, while the previous all-time high was reached in FY23 at Rs 1.1 lakh crore.
With the mid-fiscal year mark approaching, the report said banks have already raised Rs 76,700 crore from bonds till now, which is an over 225 per cen
Slower deposit growth pushing banks towards fund raising from bonds: ICRA (24-09-2024)
JTL Industries jumps over 9% as board to mull on stock split, bonus shares (24-09-2024)
Shares of JTL Industries Industries soared up to 9.50 per cent at Rs 240 per share on the BSE in Tuesday’s intraday trade
TruCap Finance Ltd leads losers in ‘B’ group (24-09-2024)
Signet Industries Ltd, Barak Valley Cements Ltd, Entero Healthcare Solutions Ltd and XT Global Infotech Ltd are among the other losers in the BSE’s ‘B’ group today, 24 September 2024.
Infiltration threat to Jharkhand; Mamata govt not providing land to secure Bangladesh border: Suvendu Adhikari (24-09-2024)
BJP leader Suvendu Adhikari has accused West Bengal Chief Minister Mamata Banerjee of not providing land for BSF fencing along the Bangladesh border due to appeasement politics. He claims Bangladeshi infiltrators are a major concern for Jharkhand and calls for a ‘double engine’ government to protect the state.
MLA and actor Mukesh arrested by SIT in rape case, released on bail (24-09-2024)
MLA and actor M Mukesh was formally arrested by the Special Investigation Team in a rape case following a complaint by a female actor. He was questioned for three and a half hours and released on anticipatory bail. Multiple FIRs have been registered against Malayalam film personalities after allegations of sexual harassment surfaced.
Granules India unveils its Mobile Cancer Screening Unit at AIG Hospitals (24-09-2024)
Granules India unveiled its Mobile Cancer Screening Unit at AIG Hospitals. This initiative, spearheaded by the Granules Trust in partnership with Asian Medical Foundation, UC Breast Foundation and AIG Hospitals aims to enhance cancer detection and treatment in underserved communities.
Sebi probes six local investment banks over handling of small IPOs (24-09-2024)
The investigations follow efforts by Sebi to warn investors about the dangers of investing in some small businesses as well as plans for tighter rules for such IPOS