Latest Breaking News On - Finance industry development council - Page 6 : comparemela.com

We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources, says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an AA rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.

Dominic xavier rediffArka fincapT rabi sankarShaktikanta dasGurpreet chhatwalVimal bhandariMahesh thakkarDivyanshu pandeyExchange board of indiaBsr associatesKirloskar oilShriram city unionIndustry development councilMint roadReserve bankGovernor shaktikanta das