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Time of India
6 days ago
- Business
- Time of India
India's bond market grows at 25% CAGR in 10 years: Jiraaf data shows surge in private sector issuances
India's bond market is witnessing remarkable growth, with data from the Jiraaf Bond Analyser highlighting an accelerating trend over the past decade. Jiraaf, an online bond investment platform, provides critical insights into this evolving asset class, which is now increasingly favored by both institutional and retail investors . Once largely dominated by government and PSU issuances, India's bond market is undergoing a significant transformation. Bonds Corner Powered By India's bond market grows at 25% CAGR in 10 years: Jiraaf data shows surge in private sector issuances India's bond market is experiencing substantial growth, driven by increased private sector involvement and investor demand for stable returns. Jiraaf Bond Analyser data reveals a decade-long expansion, accelerating post-2020. In 2024, listed bond issuances surpassed ₹9.5 lakh crore. Non-PSU issuances exceeded PSU issuances for the first time, indicating improved private sector credit profiles and investor confidence. India bonds steady as traders await fresh cues India bonds steady as traders await fresh cues Indonesia launches 5-year US dollar Islamic bond, 10-year green sukuk, term sheet shows India's long-term bonds decline before debt sale, Treasury moves pinch Browse all Bonds News with Driven by rising private sector participation and increasing investor appetite for stable, fixed-income products, the market is expanding at an unprecedented pace. Data from the Jiraaf Bond Analyser—part of the online bond investment platform Jiraaf, founded by Saurav Ghosh and Vineet Agrawal—shows that India's debt capital market is no longer just an institutional playground, but an evolving opportunity for retail investors as well. Live Events A decade of growth, with acceleration post-2020 Over the last decade, India's bond market has expanded at a CAGR of around 25%, with growth accelerating over the past four years as both corporate and public sector issuers increasingly turned to debt markets to meet their funding needs. In 2024 alone, listed bond issuances crossed Rs 9.5 lakh crore (US$110 billion), signaling growing depth and liquidity in India's debt markets. A key inflection point was the post-COVID era, particularly after 2021. The global search for yield—combined with abundant liquidity and ultra-low interest rates—encouraged both institutional and high-net-worth investors to seek alternative, stable investment avenues. Indian corporates, especially in the private sector, capitalized on this shift to diversify their funding sources. Private players overtake PSUs in bond issuances What's particularly noteworthy is the changing market composition. Traditionally seen as a space dominated by Public Sector Undertakings (PSUs), India's bond market is now seeing a surge in private sector activity. According to Jiraaf data, non-PSU issuances crossed Rs 4.9 lakh crore (US$56 billion) in 2024, surpassing PSU issuances for the first time. This shift reflects two important trends: Improved credit profiles of private corporates post-deleveraging and operational efficiency improvements. Increased confidence among institutional and retail investors in private sector issuers, driven by regulatory reforms and better corporate governance standards. The move also underscores a structural shift: as India's economy diversifies and formalises, more companies outside the public sector are now using debt markets for growth capital, refinancing, and working capital needs. Lessons from the IL&FS crisis and post-pandemic reforms The IL&FS crisis of 2018 was a watershed moment, exposing over-reliance on concentrated sources of funding like banks and NBFCs. This led to greater awareness around capital diversification. Regulatory reforms post-crisis and proactive steps by the Reserve Bank of India (RBI) have made bond markets more accessible and transparent. Bonds 101: Why retail investors should care For individual investors, bonds present a compelling alternative to traditional instruments like fixed deposits or equities. Simply put, bonds are fixed-income instruments where governments or corporations borrow money from investors, promising regular interest payments and principal repayment at maturity. Unlike equities, bonds offer: Predictable income streams through periodic interest payments. Capital preservation due to predefined maturity. Lower risk compared to equities, while delivering competitive returns. Portfolio diversification, acting as a stabilising force during market volatility. With platforms like Jiraaf simplifying access to bonds, even retail investors can now participate in what was earlier a domain reserved for large institutions. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
India's bond market grows at 25% CAGR in 10 years: Jiraaf data shows surge in private sector issuances
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A decade of growth, with acceleration post-2020 Private players overtake PSUs in bond issuances Tired of too many ads? Remove Ads This shift reflects two important trends: Lessons from the IL&FS crisis and post-pandemic reforms Bonds 101: Why retail investors should care Unlike equities, bonds offer: India's bond market is witnessing remarkable growth, with data from the Jiraaf Bond Analyser highlighting an accelerating trend over the past an online bond investment platform, provides critical insights into this evolving asset class, which is now increasingly favored by both institutional and retail investors Once largely dominated by government and PSU issuances, India's bond market is undergoing a significant by rising private sector participation and increasing investor appetite for stable, fixed-income products, the market is expanding at an unprecedented from the Jiraaf Bond Analyser—part of the online bond investment platform Jiraaf, founded by Saurav Ghosh and Vineet Agrawal—shows that India's debt capital market is no longer just an institutional playground, but an evolving opportunity for retail investors as the last decade, India's bond market has expanded at a CAGR of around 25%, with growth accelerating over the past four years as both corporate and public sector issuers increasingly turned to debt markets to meet their funding 2024 alone, listed bond issuances crossed Rs 9.5 lakh crore (US$110 billion), signaling growing depth and liquidity in India's debt markets.A key inflection point was the post-COVID era, particularly after 2021. The global search for yield—combined with abundant liquidity and ultra-low interest rates—encouraged both institutional and high-net-worth investors to seek alternative, stable investment corporates, especially in the private sector, capitalized on this shift to diversify their funding particularly noteworthy is the changing market composition. Traditionally seen as a space dominated by Public Sector Undertakings (PSUs), India's bond market is now seeing a surge in private sector to Jiraaf data, non-PSU issuances crossed Rs 4.9 lakh crore (US$56 billion) in 2024, surpassing PSU issuances for the first credit profiles of private corporates post-deleveraging and operational efficiency confidence among institutional and retail investors in private sector issuers, driven by regulatory reforms and better corporate governance move also underscores a structural shift: as India's economy diversifies and formalises, more companies outside the public sector are now using debt markets for growth capital, refinancing, and working capital IL&FS crisis of 2018 was a watershed moment, exposing over-reliance on concentrated sources of funding like banks and NBFCs. This led to greater awareness around capital diversification. Regulatory reforms post-crisis and proactive steps by the Reserve Bank of India (RBI) have made bond markets more accessible and individual investors, bonds present a compelling alternative to traditional instruments like fixed deposits or put, bonds are fixed-income instruments where governments or corporations borrow money from investors, promising regular interest payments and principal repayment at income streams through periodic interest preservation due to predefined risk compared to equities, while delivering competitive diversification, acting as a stabilising force during market platforms like Jiraaf simplifying access to bonds, even retail investors can now participate in what was earlier a domain reserved for large institutions.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
15-07-2025
- Business
- Time of India
Wipro Consumer names new CEO
BENGALURU: Wipro Consumer Care and Lighting (WCCL) has named Kumar Chander as its new CEO, succeeding Vineet Agrawal. Chander, currently serving as president - Southeast Asia and Yardley India, will assume the role of CEO effective Feb 1 next year. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-07-2025
- Business
- Time of India
RBI to hold buyback auction of 3 G-Secs
Mumbai The government has announced buyback of three government securities worth ₹25,000 crore, the Reserve Bank of India said on Friday. This is the third buyback announcement in this financial year. The buyback auction of three government bonds-yielding 7.27%, 5.63% and 6.99%-all maturing in April 2026 will be held on July 17. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing and manage fiscal deficit, according to bank treasury officials. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thao Dien: Repossessed Houses For Sale At Prices That May Surprise You Foreclosed Homes | Search ads Search Now Undo It also results in RBI infusing durable liquidity in the system. The previous two buyback auctions conducted in June had seen strong demand. The total notified amount was ₹51,000 crore, of which the RBI had accepted bids worth ₹49,600 crore across two auctions. Bonds Corner Powered By NSE, BSE issue advisory to bond investors. Here are 10 things to know BSE and NSE have jointly advised investors using online bond platforms to understand key concepts like Yield to Maturity, credit risks, and interest rate effects, as bond investments carry no guaranteed returns. The move comes amid rising popularity of OBPPs. The case for fixed-income investments: What Gen-Z investors should know Vedanta Resources dollar bonds see minor uptick JPMorgan considers cutting China, India share in EM Bond Index Sebi's bond central to deepen corporate bond market, improve price discovery: Vineet Agrawal Browse all Bonds News with
Time of India
11-07-2025
- Business
- Time of India
NSE, BSE issue advisory to bond investors. Here are 10 things to know
Stock exchanges BSE and NSE on Friday issued an advisory to investors dealing with Online Bond Platform Providers (OBPPs) to explain to them the underlying features of bonds, risks and costs associated with such investments, in order to help them make informed decisions. In a joint press release issued today, the exchanges said that it is crucial to understand the concepts of the bond markets including the factors affecting the yield of the bonds. The release was issued amid a growing popularity of online bond platforms and easier access to investors to various fixed-income instruments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's Why This 1 Day Garage Floor Coating Is Sweeping Texas Garage Flooring USA Learn More Undo 10 things to know: 1) Yield to Maturity (YTM): One of the most important concepts to understand is the YTM, which represents the total annualized return an investor can expect if the bond is held until its maturity. YTM takes into account the bond's current market price, its periodic coupon payments and the time remaining until maturity. Bonds Corner Powered By The case for fixed-income investments: What Gen-Z investors should know Fixed-income investments offer Gen-Z investors stability and predictable returns, complementing a diversified portfolio. Experts advise understanding risk, utilizing mutual funds, and timing investments based on interest rate cycles. With increased accessibility through platforms like Bond Central, young investors can leverage fixed income for financial growth, balancing risk with disciplined investing through SIPs to achieve long-term security. Vedanta Resources dollar bonds see minor uptick JPMorgan considers cutting China, India share in EM Bond Index Sebi's bond central to deepen corporate bond market, improve price discovery: Vineet Agrawal ETMarkets Smart Talk: Fixed income still has a place in FY26 - 15–20% allocation ideal for most, 70% for seniors, says Aamar Deo Singh Browse all Bonds News with 2) No guaranteed returns: It is important to note that YTM is not a guaranteed return. It can fluctuate based on factors such as changes in market interest rates, liquidity conditions, time to maturity, and the creditworthiness of the issuer. Live Events 3) If the bond is sold before maturity, the actual return may differ significantly from the indicated YTM. 4) Generally, when a bond's price is below its face value, its YTM is higher than its coupon rate, and vice versa. 5) The coupon rate of a bond refers to the fixed annual interest paid by the issuer, calculated as a percentage of the bond's face value. This provides regular income to investors, usually on a semi-annual or annual basis. 6) Risks: The payments by issuers are not risk-free. They are dependent on the financial health and credit reliability of the issuer. Any delay or default in payments can adversely affect investor returns. 7) Relationship between bond prices and yields: Bond prices and yields move in opposite directions. When interest rates in the market rise, bond prices fall, leading to higher yields, and when interest rates fall, bond prices increase, lowering the yield. This inverse relationship is fundamental to assessing interest rate risk and understanding potential price movements in the secondary market. 8) Impact of brokerage: Brokerage reversal or zero brokerage can have a direct impact on the YTM by lowering the overall cost of investment, thereby slightly enhancing the effective return. The final return should always be assessed after considering all associated costs, fees, and applicable taxes. 9) Before investing through any online bond platform, investors must take into account several important factors such as checking the bond's credit rating, the issuer's track record in timely repayments, the liquidity of the instrument, settlement timelines, and the tax implications of the investment. 10) It is crucial to verify that the platform is a SEBI-registered Online Bond Platform Provider (OBPP). Investors should carefully read platform disclaimers, understand the terms and conditions, and ensure that transactions are carried out through properly regulated and secure systems.
