borrowings

By Subhadip Sircar and Anup Roy A cash crunch is persisting in India, pushing short-term borrowing costs above a key policy interest rate and posing risks to an economy that needs cheaper funding to sustain its recovery. …

Market borrowings by India’s state governments are likely to be lower than the amounts indicated in their budgets, as off-balance sheet liabilities will continue to be adjusted in this fiscal year, two sources familiar with the matter said.…

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Indian States may not borrow as much as the record $41 billion they plan to in the January-March quarter, which will help keep the spread between State and central government bond yields in check, analysts said.States plan to sell bonds…

…As credit to economy hits N60trnBy Elizabeth AdegbesanData from the Central Bank of Nigeria, CBN, has shown that Federal and state governments’ borrowings from commercial banks increased Month-on-Month, MoM, by 11 percent to N20.1 trillion…