A financial trader monitors his computer screen at the Bombay Stock Exchange in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)
Bond issues from Indian corporates jumped 75% in the April-August period, supported by a flood of liquidity and a drop in rates.The central bank infused short- and long-term liquidity into the markets in the aftermath of the Covid-19 crisis to ensure financial conditions remain conducive amid an unprecedented economic crisis. This prompted well rated corporations to borrow at lower rates in the market even as banks hunkered down fear...