India Inc raising funds via FDs
The shrinking credit lines and non-availability of easy working capital have forced cash-strapped companies to borrow money from the public in form of fixed deposits. Given the recent economic downturn in markets across the world, more and more cash-needy companies are flocking to issue deposits to the public in a bid to raise funds. Balaji G K, Head - Investing Business at Way2Wealth, said, "FDs are attractive for companies in a market such as this."
