By Manojit Saha Credit offtake in the economy will improve in this financial year as the central bank has paused interest rate hikes, said Nirmal Jain, managing director of IIFL Finance. While announcing the fourth quarter earnings, you said there was slowdown in the affordable home loans due to interest rate increase. I think
IIFL Finance has said that the bonds offer up to 9% yield and high degree of safety, they will be issued as secured redeemable non-convertible debentures (NCDs), aggregating to Rs 300 crore, with a green-shoe option to retain over-subscription of up to Rs 1200 crore.