Bank lending rises as corporate bond fundraising falls amid higher yields: Finance Ministry
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bank lending to India's commercial sector increased sharply during April-August FY27, according to the Finance Ministry.
- ✓Non-food bank credit rose to Rs 9.8 lakh crore, while corporate bond issuances fell as yields moved up.
- ✓Overall bank credit growth showed a strong 21.6 percent increase, supported by demand across many industries.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
Bank lending witnessed a significant surge during April-August FY27, contributing to financial resources for businesses. Non-food bank credit rose to Rs 9.8 lakh crore, indicating strong lending activity across major sectors. In contrast, corporate bond issuances fell sharply amid rising bond yields, highlighting a shift in funding trends. Overall bank credit growth registered an increase of 21.6 percent, supported by strong demand across various industries.
New Delhi: Bank lending to India's commercial sector increased sharply during April-August of the current financial year (FY27), even as corporate bond issuances by non-financial companies declined amid rising bond yields, according to the Finance Ministry's October Monthly Economic Review.
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The Economic Times
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