Faith Investing

Investors have shown touching faith in buying Tata Capital’s NCDs, given the riskiness of the product

A company with a short history and a none-too-impressive track record in financial services, raised an impressive amount of Rs3,000 crore plus (according to a press report) as ‘secured non-convertible debentures’ (NCDs). These NCDs were more like tradable fixed deposits that are listed. The...

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