Mumbai, April 24 -- Reserve Bank of India (RBI) stated in its latest monthly bulletin that fresh issuances of Certificate of Deposits or CDs increased considerably to Rs 8.6 lakh crore in H2:2025-26 from Rs 4.9 lakh crore in H1, reflecting widening gap between growth in deposits and credit. Tenor-wise, share of CD issuances at the shorter tenor (up to 91-day) reduced while longer tenor issuances increased in Q4 compared to Q3 as banks sought to lock in funds for longer period to meet higher credit demand. The issuances of CPs in the primary market declined to Rs 7.9 lakh crore during H2:2025-26 from Rs 8.9 lakh crore in H1, as higher rates led to a shift towards borrowings from banks.

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