Inflation Index Bonds

Inflation Index Bonds (IIBs) are an enhanced version of Capital Indexed Bonds (CIBs) that were issued during 1997. While CIBs provided protection against inflation only for the principal amount, IIBs provide protection for the interest as well. The salient features of IIBs are as follows: IIBs have a fixed real coupon rate, but a nominal

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Vulture Funds in India

The Vulture funds can be best understood by their analogy with Vultures. As an animal is about to die, we see circling vultures patiently waiting to pick over the remains of its carcass. Similarly, the vulture funds are those funds which pick over the remains of a rapidly weakening debtor. They do so by purchasing

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