NBFCs lead India’s corporate bond market as private placements dominate: Jiraaf Bond Analyser

India's corporate bond market is experiencing significant growth, largely fueled by NBFCs due to their reliance on capital markets for funding. Banks, however, have become more cautious with bond issuances amid rising interest rates, favoring deposit mobilization. Private placements dominate debt issuance, offering efficiency, while regulators aim to boost public debt offerings for broader investor participation.