Fund-raising by public sector undertakings (PSUs) through the debt (bond) route has taken a beating in the first nine months of the current fiscal year as compared to their private sector counterparts.
According to a report from Prime Database, the private sector mobilised Rs 17,010 crore during the period, up 80% from the previous year’s corresponding figure of Rs 9,444 crore.
On the other hand, a major fall in mobilisation came from PSUs, down 96% to Rs 175 crore compared to Rs 4,768 crore in the corresponding period of the previous year.
In aggregate, the first nine months of the current fiscal witnessed a mobilisation through debt (bonds) on private placement basis of Rs 74,181 crore, though mobilised by a handful 82 institutions and corporates.
Further, financial institutions/banks recorded an increase of 3% in resource raising through debt to Rs 54,803 crore compared to Rs 53,117 crore in the corresponding period of the previous year.
State financial institutions recorded a fall, down by 5% from Rs 1,180 crore to Rs 1,123 crore.
Government organisations and financial institutions, put together, witnessed a decrease in domination, mobilising 77% of the total amount, down from 86% in the corresponding period of the previous year.