India Inc has mobilised a whopping Rs 23,252 crore through private placement of bonds in the first three months of current fiscal, even as government entities witnessed a decline in such borrowings.

The funds were mobilised by 36 institutions and represent a 23 per cent increase against Rs 18,851 crore raised in last fiscal, as per database creator Prime. Private sector accounted for an 85 per cent jump in borrowing through bonds to Rs 4,598 crore from Rs 2,483 crore in the first 3 months last fiscal. However, government organisations and financial entities, put together, witnessed a decrease in their domination, as they mobilised 80 per cent of the total amount, down from 86 per cent a year ago.

State financial institutions recorded a fall of 81 pc at Rs 15 cr from Rs 77 crore, 2006. Financial services continued its dominance on the market as its collective raising was Rs 21,962 crore or 95 pc of the total mobilisation. Power ranked second with 5 pc share at Rs 1,065 crore.