NABARD approved to raise 195B rupees via deep-discount bonds until March 2027, fifth such approval largest amount so far.

• Deep-discount bonds issued at 20%-25% discount, no regular interest, redeemed at face value at maturity.
• Five state-run firms approved since March 2024 to issue deep-discount debt, all must raise funds by March 2027.
• Weak investor demand caused recent bond withdrawals, but experts see long, term appeal in softening rate cycles.