State Government Finances - Lower Borrowings Amid Rising Cost: CARE Ratings
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 Report
Four states raised a total of Rs 3,250 crore at the auction of the state government securities or state development loans held on April 19.
This was the third auction for FY22.
There has been a notable difference in the state government borrowings in the first three auctions of FY22, when compared with that in the same period of FY21.
A fewer number of states have tapped the market for funds and the quantum of borrowing too has been significantly lower.
In the first three weeks of FY21, 22 states and one Union Territory had cumulatively raised Rs 52,255 crore.
This was 83% more than that the Rs 8,950 crore raised by 6 states and 1 UT so far in the corresponding period of the current financial year.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.