The economic slowdown aggravated by the nationwide lockdown has severely affected the ability of companies to service debt. According to the ET Intelligence Group’s analysis of the 32 of the Nifty 50 companies that have declared results so far excluding banking and finance companies, the aggregate interest coverage ratio for FY20 fell to a six year low of three after staying between four and six since FY15. The trend is expected to continue in the current fiscal given the expectations of contrac ..
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
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