Mumbai: Bank borrowing via market instruments has surged to a record high, exceeding ₹9 lakh crore. This significant increase has caught the regulator’s eye, as the ongoing faster growth of credit compared to deposits forces lenders to seek alternative sources of funding.”
“Data released by the RBI on a biweekly basis indicates that as of July 26, banks’ borrowings stood at ₹9.32 lakh crore, marking a 20% increase compared to the borrowing figure of ₹7.76 lakh crore reported on April 5.”
“According to analysts, the figures in the ‘borrowings’ section for scheduled commercial banks in the RBI’s biweekly data mainly reflect short-term funding methods, such as interbank repo operations and tri-party repos. While the data also includes the issuance of instruments like additional tier-1 bonds and infrastructure bonds, certificates of deposit are excluded. Notably, the issuance of infrastructure bonds has accelerated in recent months.”
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