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M&M Financial's Board has approved a fund raise of up to ₹1,250 crore via non-convertible debentures (NCDs) on a private placement basis. This move comes amid a strong demand for India's largest non-bank bond sale for FY25, which may prompt more issues. IIFL Finance, recently coming off a central bank ban, plans to raise $1.2 billion through bonds, an official says. Additionally, banks' borrowings through bonds are expected to reach ₹1.2-1.3 trillion in FY25 due to tight liquidity conditions and credit outpacing deposit growth, according to rating agency ICRA. This would surpass the previous high of ₹1.1 trillion in FY23.
Bond issuance by banks to deal with the mismatch of deposit with credit growth is expected to reach an all-time high of ₹1.2-1.3 lakh crore in FY25, surpassing the earlier high of ₹1.1 lakh crore in FY23 , rating agency ICRA said in a report. https://t.co/9YeLx0Kla0
Fresh off a cenbank ban, India's IIFL Finance plans $1.2 bln fundraise via bonds, official says https://t.co/U4C206pcnZ https://t.co/yicF1lvM0O
Banks' borrowings through bonds is expected to reach Rs 1.2-1.3 trillion in FY25 amid tight liquidity conditions and credit outpacing deposit growth, according to rating agency @ICRALimited. #banks #bonds https://t.co/JmWKnAqLOP
