NBFCs are now relying more on banks for their funding requirement.
The stock exchanges had on November 27 issued frameworks for the listing of CPs to improve investor's participation in the securities.
In an interview to CNBC-TV18, Suyash Choudhary, Head of Fixed Income, IDFC Mutual Fund spoke about the lifeline from Reserve Bank of India and expected liquidity crunch.
RBI on Monday added a few more investors friendly measures to revive the corporate debt market in India. The central bank allowed three more instruments including CPs, CDs and NCDs of less than one year; to qualify as collateral for undertaking repo auction route in corporate debt market.
Pharma major Dr Reddy's Laboratories (DRL) today said it has expanded its manufacturing operations in the United Kingdom.