How is TATA Motors FD scheme for investment? they r offering better roi than banks fd.
Nikhil Kumar (CA , Qualified CPA) (910 Points)
17 January 2009How is TATA Motors FD scheme for investment? they r offering better roi than banks fd.
Varun Malhotra
(Chartered Accountant)
(207 Points)
Replied 17 January 2009
| Originally posted by :Nikhil Kumar | ||
| " | How is TATA Motors FD scheme for investment? they r offering better roi than banks fd. onlineaccountingindia.blogspot.com |
" |
Tata Motors is offering 10.5% rate of interest for 1 year of deposit, 11% for 2 yrs and 11.5% for 3 yrs of deposit which is higher than what the other banks are offering.
Nikhil Kumar
(CA , Qualified CPA)
(910 Points)
Replied 17 January 2009
Hey thanks for your replies!!
Has anyone done risk analysis for the same scheme??
Varun Malhotra
(Chartered Accountant)
(207 Points)
Replied 19 January 2009
See there is shortage of funds for corporates as the liquidity crunch is felt across the globe. India is also badly affected in so far as liquidity and level of ecomic activiy is concrened. Companies even do not have funds to meet the working capital requirements. Raising of funds through FD is not a bad option as the call money rate are also skyrocketing. By offering some basis point above the market rate makes business sense in this scenerio of liquidity crunch.
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