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In 2020, nine out of the 12 NCD issues in the country are from Kerala. This is the highest percentage of Kerala NBFCs (75%) in India going for NCDs in a year.
The public issues of NCDs are regulated by SEBI, the Registrar of Companies and the stock exchanges.
Majority of those who have taken VRS still rely on fixed deposits given the uncertainty of other investment choices.
The Kerala High Court on Monday considered a batch of petitions, seeking a CBI probe in the case.
The chief minister said the rising number of contact cases in areas like Statue, Petta, Attakulanagara, Peroorkada, and Kudapanakunnu is a matter of concern.
The industry body said all their customers are facing disruptions in cash flow cycles, which is likely to be there for the major part of this fiscal.
Last month, the RBI announced a relief package that included a three-month moratorium on payments of all term loans outstanding as on March 1.
Nirmala Sitharaman announced significant changes in the Union Budget for 2020-21 as the government looked to boost consumption to bring the economy out of the worst slowdown in 11 years. Here's how India Inc viewed it.
The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
In 2018-19, the growth rate of the country stood at 6.9 per cent.