Whalesbook
Indian financial institutions, including Small Industries Development Bank of India (Sidbi), Power Finance Corporation (PFC), Axis Bank, and Sundaram Finance, raised ₹14,735 crore in the debt capital market. This is significantly lower than the expected ₹25,000 crore, as issuers like PFC and Nabard withdrew short-term offerings anticipating a repo rate cut by the Reserve Bank of India next month, which could lead to better borrowing terms later.