An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
Those willing to take a higher risk for higher returns can look at AAA-rated non-convertible debentures from reputed issuers.
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Fitch on Monday said the likely upturn in the country's investment climate and reduction in interest rates will improve the property market by the end of March 2016.
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
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