Rating agency Crisil has downgraded the non-convertible debentures of Bandhan Bank owing to the delay in improvement of its asset quality and profitability to pre-covid levels. Bandhan Bank's managing director Chandrashekhar Ghosh clarified to Mint that these NCDs were issued by the erstwhile Gruh Finance, which later got merged with the bank four years ago. "Despite momentary correction in fourth …
IIFL Finance is planning to raise through the public issue of non-convertible debentures. The Tranche I Issue consists of public issue by the company of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each for an amount upto ₹1,000 million with an option to retain oversubscription upto ₹9,000 million aggregating to ₹10,000 million, which is within the Shelf Limit …
