India Inc has mobilised over Rs 74,100 crore during the nine months in the current fiscal through issue of bonds on private placement basis. 

About 82 institutions and corporates have mopped up Rs 74,181 crore in the first three quarters of the current fiscal, an increase of 8 per cent over Rs 68,909 crore mobilised in the corresponding period of the previous year, according to data providing firm Prime.

The highest mobilisation through debt private placements during the period was by NABARD (Rs 10,633 crore), followed by HDFC (Rs 10,315 crore), SBI (Rs 6,024 crore), IRFC (Rs 4,170 crore) and Power Finance Corporation (Rs 4,077 crore). The total fund mobilised during the entire fiscal of 2006 -07 stood at Rs 93,855 crore, while in FY’06 it was at Rs 81,846 crore.

As per Prime, all-India financial institutions and banks raised Rs 54,803 crore through private placement of debt in the nine months ended December 31, 2007, compared to Rs 53,117 crore in the corresponding period of the previous year. The private sector has witnessed a significant growth with the mobilisation rising by 80 per cent to Rs 17,010 crore in the nine months from Rs 9,444 crore in the corresponding period of the previous year.

However, public sector undertakings witnessed a major drop in mobilisation, down by 96 per cent to Rs 175 crore in the reviewed period, compared to Rs 4,768 crore in the same period a year ago. State financial institutions also recorded a fall of 5 per cent, down to Rs 1,123 crore from Rs 1,180 crore. There was an increase in mobilisation by state level undertakings (SLUs), up by 167 per cent to Rs 1,070 crore from Rs 400 crore.

Together, government organisations and financial institutions mobilised 77 per cent of the total amount, down from 86 per cent in the corresponding period last year.

On an industry-wise basis, the financial services sector continued to dominate the market, collectively raising Rs 67,503 crore or 91 per cent of the total amount.