ARKA FINCAP

Arka Fincap, a Kirloskar Group-owned NBFC, is shifting its focus towards MSME loans to reduce wholesale credit risk. They aim for MSME loans to constitute 70% of their total portfolio, up from the current 50%, with a target to increase this to 75%. ...

​​The NCDs, available in three tenures - 24 months, 36 months and 60 months - offer interest rates ranging from 9.29% to 9.99%. The company, part of the Kirloskar Group, has reserved 25% of the issue each to institutional buyers, companies, high-net...

Khorakiwala-owned Humuza Consultants has pledged its entire 65.46% shares of Wockhardt with private lenders as of March 31, 2023, according to a stock exchange disclosure. The promoter intends to reduce the share pledge to 26% by the end of this fis...

Indian non-banking financial companies (NBFC) have raised around INR 100bn ($1.21bn) in the past five days from bond issues, double that of the preceding work week. More issues are expected as interest rates in the debt market continue to be low, le...

HCL Tech, HDFC Life, ACC, Nippon Life India AMC, Indian Bank, Alok Industries, City Union Bank and Supreme Petrochem will announce quarterly earnings today.

The plan entails “significant” investment in the group’s two consumer-facing businesses which are Arka Fincap, a non-bank financial company (NBFC) and Avante Spaces, a real-estate company, said Atul Kirsloskar, chairman of Kirloskar Oil Engines Ltd ...

Non-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own customers, or prospective customers, through the CRILC portal.

A coordinated effort across taxes and levels of government is necessary to eliminate the tax gap, make the tax system more effective, equitable and efficient, and build fiscal federalism.

Bengaluru-based Vijay Kirloskar sues his Pune nephews for allowing seven entities they control to use the trademarks ‘Kirloskar’ and ‘Kirloskar Enriching Lives’.

Whether the loan relief succeeds or fails, one thing is certain: India’s $1.4 trillion credit machine will be in stall mode until next March as restructuring “sucks up bankers’ bandwidth,” and the “scope for new credit creation dwindles,” says Nachi...

Many nonbank lenders including Piramal Capital, Indiabulls Consumer Finance, IIFL Home Finance and Tata Motors Finance, have applied for loans worth nearly ₹15,000 crore under the government’s Special Liquidity Scheme (SLS).

The debt securities, known non-convertible debentures in market parlance will be up to three-year maturities. These papers will be listed on the BSE.