Corporate Bond Market To Double In Next Five Fiscals

India’s corporate bond market has posted a significant growth between March 2016 and 2018, according to CRISIL Year Book on Indian Debt Market 2018. The corporate bond outstanding has increased approximately 1.36 times during this period. The growth story is expected to continue over the next five fiscals through 2023, and its outstanding is expected to grow to the tune of Rs55-60 lakh crore, as compared to the present Rs27 lakh crore (as on March 2018). The report said the growth in the last two years was mainly driven by large infrastructure investment requirements, growth of non-banking financial institutions, regulatory push, and the inability of banks to crank up corporate lending because of capital constraints. Sebi had appointed a committee headed by former RBI Deputy Governor HR Khan on August 2016 to look into it. The demand, however, is expected to be only for...