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Eightyone companies in India borrowed ₹43,147 crore through private placements in the first quarter of FY15 — 55 per cent less than what they did in the corresponding quarter of FY14 (₹96,186 crore). PSUs did not borrow through this route at all as against ₹8,568 crore they did in the same quarter of last year. Borrowings by banks and financial institutions declined 72 per cent to ₹13,058 crore from ₹47,272 crore in Q1FY14 while State financial institutions borrowed ₹98 crore (₹1,251 crore in Q1FY14). State PSU borrowings, however, grew 7 per cent to ₹1,000 crore from ₹933 crore during the first quarter.
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