These are also unsecured promissory note by Corporate for minimum of 6 months. These public deposit must be rated by some highly credit agencies. These are issued to increase capital base but the amount of public deposit can not exceed 25% of paid up capital. It is subscribed by anyone.
Wednesday, June 29, 2016
Public Deposit
These are also unsecured promissory note by Corporate for minimum of 6 months. These public deposit must be rated by some highly credit agencies. These are issued to increase capital base but the amount of public deposit can not exceed 25% of paid up capital. It is subscribed by anyone.
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