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Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report

They raised more than Rs 73,000 crore in FY22, says rating agency ICRA

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Abhijit Lele Mumbai
Gross bond issuances by Indian banks raised more than Rs 91,000 crore in April-December 2022, more than the previous high of Rs 80,000 crore in financial year 2016-17 (FY17), according to ICRA.

With tight liquidity conditions likely persisting in the near to medium term, banks may raise around Rs 1.3 trillion to Rs 1.4 trillion through bond issuances in FY23. Banks raised more than Rs 73,000 crore raised in FY22, said the rating agency.

Incremental issuances in Q4 FY2023 are expected at Rs 40,000-50,000 crore. State Bank of India, the country’s largest lender, alone has approved raising Rs 20,000 crore