The outstanding stock of corporate bonds has increased four-fold from ₹ lakh crore as at end of FY 2012 to ₹ lakh core as at end of FY 2022 (Chart 1). Annual issuances during this period have increased from ₹ lakh crore to close to ₹ lakh crore (Chart 2).
2  Chart 1: Corporate Bonds Outstanding ₹ crore)  Chart 2: Corporate Bonds Issuance ₹ 9,00,000 8,00,000 7,00,000 6,00,000 5,00,000 4,00,000 3,00,000 2,00,000 1,00,000 -  45,00,000 40,00,000 35,00,000 30,00,000 25,00,000 20,00,000 15,00,000 10,00,000 5,00,000 -  Private Placement  Source 3  7.