The corporate bond market is slowly starting to accept NBFCs back

India’s top-rated private and government-owned companies could be enjoying historic low rates in the markets for their short-term money, but the situation has not improved much for lower rated firms, particularly from the financial sector, but sporadic issuances of bonds have started taking place.

Admittedly, the liquidity scare faced by the non-bank financial companies (NBFC) have eased somewhat, but even there, well rated companies are the beneficiaries who have started issuing debt papers in larger numbers.  

Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are