India Economics - State Government Borrowings Analysis: CARE Ratings

A cashier counts Indian one hundred-rupee banknotes at a bank branch in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg).

India Economics - State Government Borrowings Analysis: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

Six states raised a total of Rs 11,500 crore at the auction of the state government securities or state development loans held today.

Five states accepted the notified amount of the auction.

Gujarat accepted an additional amount of Rs 500 crore over the notified amount of the auction.

Fewer number of states have been seen to be tapping the markets for funds so far in the current financial year as compared with that in the corresponding period of FY21.

The quantum of borrowings has been lower too.

Click on the attachment to read the full report:

CARE Ratings State Government Borrowings June 8 2021.pdf

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