The department of Economic Affairs, today pointed out concerns over Indian rupee-denominated bonds aka masala bonds. 

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Shaktikanta Das, Joint Secretary of Department of Economic Affairs said,"Indian bond is in critical stage and more need to be done for making more vibrant. Global economic situation is volatile. "

On August 26, the Reserve Bank of India announced package of measures to deepen these masala bond market, stating that these measures will curb in market development, enhance participation, facilitate greater market liquidity and improve communication.

In the last 2-3 months masala bond received traction and rasied so far around Rs 12,000 crores.

The NBFC-giant Housing Development Finance Corp (HDFC) was among the highest to opt for masala bonds with three issues till now. 

From these bonds, the home finance service provider (HDFC) has rasied around Rs 4500 crore -  first issue (Rs 3000 crore), second issue (Rs 500 crore) and third issue (Rs 1000 crore). 

India's leading energy conglomerate - NTPC too had raised around Rs 2000 crore through masala bond markets. The company has been listed on London stock exchange for trading of green masala bond. 

While another NBFC - Indiabulls Housing Finance also travelled the route of masala bond market. The company has raised nearly Rs 1300 crore and Rs 1330 crore via masala bonds in overseas market. 

Going ahead, Adani Transmission also raised Rs 500 crore from these bonds. 

The Delhi International Airport Ltd (DIAL) - joint venture firm which operates the aerodrome in the national Capital, on September 06, stated that it is looking to raise up to Rs. 3,000 crore, including through Masala bonds, to refinance debt, reported in Hindu Business Line.