A heart shaped stress ball sits between screens of a broker on the trading floor. (Photographer: Luke MacGregor/Bloomberg)
Lower-rated non-bank lenders, which had become near pariahs in the bond market, are slowly making a comeback. Ample liquidity, availability of long-term funds from the Reserve Bank of India, and falling yields on government and AAA-rated credit is pushing some money towards these non-bank financiers.Data from the BSE Ltd. and National Stock Exchange of India Ltd. shows that even though overall primary issuance via exchanges has remai...