India Inc is increasingly turning to bonds to raise funds, especially after banks tightened norms and procedures in response to scams and rising non-performing assets (NPAs).
In the financial year ended March 31, 2018, Indian companies raised a whopping ₹6-lakh crore through private placements, via 2,706 issuances.
This is the second-highest issuance in terms of funds mopped up by India Inc since the private placement of corporate bonds opened in 2007. The highest was in FY17, when Indian companies raised about ₹7-lakh crore via 671 issuances.
