Total resource mobilisation from the Indian securities market declined marginally by 2.3 per cent year-on-year to Rs 15.32 lakh crore in 2025-26, due to lower debt issuances amid heightened economic uncertainty, according to the Reserve Bank’s latest Financial Stability Report.
The decline in overall fund mobilisation was primarily driven by an 8.4 per cent contraction in debt issuances, even as equity fundraising remained resilient, growing 4.9 per cent during the financial year, the report said.
Equity issuances were supported by a record 366 initial public offerings (IPOs), which collectively raised Rs 1.9 lakh crore in 2025-26.
According to the report, resource mobilisation through public equity issues rose to Rs 2.35 lakh crore in 2025-26 from Rs 2.10 lakh crore in the previous fiscal. Private equity placements, however, eased marginally to Rs 2.16 lakh crore from Rs 2.20 lakh crore.
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Debt mobilisation through public issuances increased to Rs 0.11 lakh crore from Rs 0.08 lakh crore, while debt raised through private placements on listed exchanges fell to Rs 9 lakh crore from Rs 9.87 lakh crore a year earlier.
Alternative Investment Funds (AIFs) saw resource mobilisation increase to Rs 1.39 lakh crore in 2025-26 from Rs 1.11 lakh crore in the previous year, while Real Estate Investment Trusts (REITs) raised Rs 0.09 lakh crore compared with Rs 0.05 lakh crore.
Infrastructure Investment Trusts (InvITs), however, witnessed a decline in fundraising to Rs 0.21 lakh crore from Rs 0.27 lakh crore.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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