Rural focus excites Microfinance Sector

Altough the Interim budget might be disappointing for India Inc. but the article clearly speaks that it will augur well for Microfinance sector.

TATA Capital Secured Non-Convertible Debentures (NCDs)

Issue details

• No income tax is deductible at source as per the provisions of Section 193 of the I.T Act on interest on debentures issued by a company in a dematerialized form listed on recognized stock exchange in India
• The NCDs will be issued in Demat mode only.