Edelweiss financial arm raises Rs 3,000 crore in first half of FY20

The overnight on-balance sheet liquidity (including cash, liquid investments and treasury assets) of the group stood at around Rs 4,200 crore as on September 26, 2019

Edelweiss Financial Services Group has raised Rs 3,000 crore, excluding commercial paper, in the first six months of H1FY20 as compared to about Rs 7,600 crore in the same period in 2018-19.

Rating agency CRISIL said given the current environment, with lenders exercising caution, the Edelweiss Group has witnessed a reduction in incremental funds raised post-September 2018. There has also been a rise in the borrowing cost.

Going forward, incremental fund raising is expected to improve with fresh bank sanctions (for credit) in the pipeline. The increase in securitisation/ assignment volumes and the group’s plan to start tapping capital markets (including retail