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Get Assured Return upto 10% p.a by Investing in IFCI Secured NCD
Now you can download forms of IFCI LTD from our link http://59.144.72.251/IPOPDFGenWeb/brokerOnly.aspx Please find attached Product Note/ and Term Sheet for Public Issue of Secured Redeemable Non-Convertible Debentures by IFCI Limited Thanks & Regards -- Disclaimer: This email and any files transmitted with it are confidential and are solely for the use of the individual or entity to whom it is addressed to. Any use, distribution, copying or disclosure of it by any other person is strictly prohibited. If you receive this transmission in error, please notify the sender by replying to this email and then destroy the message. Opinions, conclusions and other information in this message that do not relate to official business of SMC and shall be understood to be neither given nor endorsed by SMC. Any information contained in this em...
RBI allows companies to borrow in rupees offshore from overseas lenders
The Reserve Bank today relaxed norms to help Indian corporates to raise funds in rupees from overseas lenders.
To facilitate external commercial borrowing (ECB) in rupees, RBI said off-shore lenders may enter into swap transactions with their overseas bank which in turn will enter into a back-to-back swap transaction with a bank in India.
Earlier, a non-resident ECB lender was allowed to extend loans in rupees provided the lender mobilises rupees through a swap undertaken with a bank in India.
For the purpose of executing swaps for ECBs denominated in rupees, the ECB lender, "if it desires, may set up a representative office in India," it added.
Also, the continuation of the swap will be subject to the existence of the underlying ECB at all times.
The RBI further said a KYC certification on the end client should also be taken by the bank in India as a one-time document from the overseas bank.
Meanwhile, speaking at an event in New Delhi, RBI Deputy Gov...
Great
ReplyDeleteI do have DHFL NCDs which were AAA rated.
ReplyDeleteWhat is the fate of that now? Is selling them online bearing a huge loss advisable ?
If those were secured NCDs cant we get atleast the amount invested?