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ESIC Medical College, Faridabad celebrates International Nurses Week

Organ donation from brain-dead patients can indeed be a lifeline for those in need of organs such as hearts and livers. It is essential to raise awareness about organ donation and encourage people to consider this selfless act that can make a

Arka Fincap NCD oversubscribed, raises Rs 308 crore from 3,000 investors

The NCDs with credit rating - CRISIL AA-/Positive by CRISIL Ratings offered Coupon Rate in the range of 9-10 percent per annum with quarterly and annual interest option

NBFC business has to hit the reset button after RBI strengthens norms

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.

Arka Fincap aims to raise Rs 300 crore from non-convertible debentures, Starting from December 7

Arka Fincap Launches Secure NCDs: ₹30,000 Lakh Public Offering!