India Inc raised more short-term resources via the commercial paper (CP) route as against longer-term resources via the corporate bond route in the current financial year so far.
In the current financial year (up to June 12, 2026), there were 1,920 CP issuances by companies aggregating ₹4,39,693 crore.
During this period, the number of corporate bond issuances was at 607 aggregating ₹1,51,117 crore, according to data sourced from Prime Database.
In the first quarter (April-May-June) of FY25, there were 2,166 CP issuances by companies aggregating ₹4,50,746 crore. During this period, the number of corporate bond issuances was at 982 aggregating ₹3,57,907 crore, per data sourced from the primary capital market information provider.
Venkatakrishnan Srinivasan, Founder and Managing Partner, Rockfort Fincap LLP, observed that the movement in both CP and NCD markets since RBI’s monetary policy and subsequent forex-support measures reflects a significant shift in corporate funding behaviour.
