India’s short-term debt markets saw a surge in September as corporates ramped up commercial paper issuances to ₹62,300 crore for festive season liquidity. Banks, particularly public sector lenders, aggressively tapped the certificate of deposit market, raising ₹1.04 lakh crore. NBFCs, however, adopted a more measured approach, moderating their CP issuances.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets