Who Can Issue NCDs in India?

Updated 4 November 2025

Language: EN

NCDs are issued by businesses to raise funds. A business is eligible to issue NCDs if it meets following criteria- Has net worth of equal to or more than Rs. 4 crore Has been sanctioned working capital limit or term loan by a bank Its borrower account is classified as a Standard Asset by the bank Gets credit rating for issuance of the NCDs from one of the rating agencies-CRISIL, ICRA, CARE or the FITCH Ratings India Pvt. Ltd

Who Can Issue NCDs in India?

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Who Can Issue NCDs in India?

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