New Delhi: Corporate India's capital raising through debt fund route declined marginally to Rs 55,510 crore in the first half of this financial year largely because there were less mobilisations by financial institutions, says a report.

"The first half of the current fiscal witnessed a mobilisation through debt (bonds) on private placement basis of Rs 55,510 crore, though mobilised by a handful of only 72 institutions and corporates," Prime Database said in its report.

On a period-on-period basis, the April-September period s raising of Rs 55,510 crore, meant a marginal decline of only 3 per cent over Rs 56,945 crore mobilised in the same period of the previous year.

All-India financial institutions or banks recorded an 18 per cent decrease to Rs 35,896 crore compared to Rs 43,566 crore in the same period of the previous year, it said.

Besides, a fall in mobilisation also came from state financial institutions, down by 57 per cent to Rs 30 crore compared to Rs 70 crore in the corresponding period of the previous year, the report added.

An industry-wise analysis shows that the financial services sector, dominated the market as it collectively raised Rs 45,089 crore, or 81 per cent of the total amount, while steel tubes which has the second highest market share was away behind with only four per cent share as it raised Rs 2,000 crore.

Though there was a decline on an year-on-year basis, the report further added mobilisation by private companies went up by 37 per cent from Rs 12,689 crore to Rs 17,371 crore.

Source : PTI