If you look at PE ratios, PSU banks are heavily overvalued because they have no earnings, says Shenoy.

RBI has banned Manappuram's and an unlisted group company from taking public deposits as it is a violation of rules governing its licence.

After back-to-back issues from IIFL, Shriram City Union Finance and Mannapuram Finance, Muthoot Finance is coming out with NCDs this month.

Foreign debt in the form of external commercial borrowings (ECBs), debenture offers to retail investors and corporate fixed deposit schemes...

Given the uncertain global and local equity environment NCDs, which offer afixed return, are finding many takers in the investor community.