Fixed Deposits: Call option for finance companies

Under the RBI ordained “call option”, finance companies are officially allowed to return deposits anytime after three months of raising funds. Is this fair to the investors?

Anil Agashe, a professor of finance and a very aware investor, was surprised when First Leasing Company of India, based in Chennai, unilaterally refunded his fixed deposit by simply mailing him a cheque with a letter saying...

Archived Premium Content
This article is outside your subscription period. You can buy this article individually.
Rs 50-Rs 100 + GST
Access will be given ONLY to this article.
Get access to complete archives
Rs 5000 + GST
Already a subscriber ? Log in
Free Helpline
Legal Credit