The NCDs are for a tenure of 366 days to 77 months with a coupon yielding up to 11.5 per cent per annum. Umesh Mohanan, executive director and CEO, Indel Money said, "The issue will help us diversify our sources of funds significantly. The long-term funds raised through NCDs will help us cushion any future hike in interest rates.”from Commodities-Markets-Economic Times
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