₹9.58 trillion in 2023, reflecting a 26 percent increase from the previous year, shows data released by Prime Database. The upswing can be attributed to a surge in credit demand propelled by robust economic growth, Pranav Haldea, managing director of Prime Database Group says. Concurrently, the banking system faced liquidity constraints, leading to entities exploring alternative avenues for capital infusion, the release stated.
The highest mobilisation in the year came from All-India Financial Institutions and banks, accounting for ₹4.71 trillion, marking a 29 percent increase from the previous year’s ₹3.66 trillion, as per the report. The private sector (excluding banks/financial institutions) saw a staggering 40 percent surge, mobilising ₹4.45 trillion compared to ₹3.18 trillion in the previous year, it added.
Government entities played a key role, collectively mobilising 41 percent of the overall amount, surpassing the 38 percent seen in 2022. Among government entities, All-India Financial Institutions/banks led with an 89 percent share, followed by a 9 percent share by public sector undertakings.
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