Bengal raises Rs 10,500cr in Q1 FY22 via state loan auctions
The West Bengal authorities raised Rs 10,500 crore withinside the first zone of the present day economic 12 months thru auctions of kingdom securities and kingdom improvement loans, as in step with respectable data.
The kingdom authorities raised Rs 10,000 crore withinside the equal length remaining 12 months. The quantity raised withinside the present day zone thru the public sale carried out through the Reserve Bank of India turned into beneathneath the estimate of Rs 14,000 crore supplied through the kingdom authorities.
"On Tuesday, the West Bengal authorities raised Rs 2,500 crore thru the RBI public sale window at a discount fee of 6.seventy nine in step with cent," a CARE Ratings analyst stated. Meanwhile, 20 states and a Union Territory raised a complete of Rs 1,44,550 crore in Q1 FY22.
The borrowings through the kingdom governments withinside the zone below assessment were 14 in step with cent much less than that during Q1 FY21, CARE rating stated in a note.