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Keertana Finserv Limited — Bonds & BBB+ (India Ratings) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
BBB+ (India Ratings)
Most common current rating on senior bonds
18 of 23 rated · India Ratings, 30 Jun 2026
Total Debt Outstanding
₹3,059 Cr
Across 40 instruments
Active Bonds
40
First Issue
13 Jun 2024
Latest Issue
16 Sep 2026
Maturity Range
2026 - 2029
Observation
40 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings India Ratings BBB+, India Ratings BBB, ICRA BBB
  • Rating range Current ratings range from BBB (ICRA 31 Aug 2024, India Ratings 31 Mar 2026) to A- (Acuité 30 Sep 2026)
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 17 of 40 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

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01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
13 Jun 2024
Start of this issuer's debt program timeline
  • 40 active bonds tracked from this issuer.
  • 40 of 40 tracked bonds with a stated security status are secured. (based on 40 bonds with a disclosed security status)

Keertana Finserv Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 11.10% - 12.00%, paid monthly. Maturities on outstanding bonds fall between 2026 - 2029.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
40
Tracked by RetailBonds
Amount Tracked
₹3,059 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 24 of 40 bonds)
Avg Coupon
11.46%
Range 11.10% - 12.00%
Avg Remaining Tenure
0.9 Yrs
Nearest maturity Dec 2026
Secured
100%
40 of 40 bonds with known status
Callable
0
Of 40 bonds
Avg Spread vs G-Sec
+475 bps
Credit premium, from 17 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (26 bonds).

0 2026: 2 bonds, ₹50 Cr tracked, avg coupon 11.20% 2 bonds 2026 2027: 26 bonds, ₹1,504 Cr tracked, avg coupon 11.38% 26 bonds 2027 2028: 9 bonds, ₹1,330 Cr tracked, avg coupon 11.70% 9 bonds 2028 2029: 3 bonds, ₹175 Cr tracked, avg coupon 11.67% 3 bonds 2029

Security Type / Instrument Mix

  • NCD 40 bonds · 100% · ₹3,059 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2024: ₹251 Cr issued 2024 2025: ₹1,333 Cr issued 2025 2026: ₹1,475 Cr issued 2026 Cumulative: ₹251 Cr Cumulative: ₹1,584 Cr Cumulative: ₹3,059 Cr

Based on 24 of 40 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 1 bond · 2%
  • BBB 23 bonds · 58%
  • Unrated 16 bonds · 40%
AgencyRatingOutlookBonds
India Ratings BBB+ Stable 18
India Ratings BBB — 2
Acuité A- — 1
ICRA BBB — 1
India Ratings BBB Stable 1
ICRA BBB NSDL record — 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0NES07188 Keertana Finserv 11.20% Dec 2026 NCD 11.20% BBB+ (India Ratings) 2026-12-11 10.35% 2026-10-21
IN80NES07104 Keertana Finserv 11.20% Dec 2026 NCD 11.20% — 2026-12-11 — —
INE0NES07238 Keertana Finserv 11.40% Jan 2027 NCD 11.40% BBB+ (India Ratings) 2027-01-15 11.20% 2026-11-05
IN80NES07179 Keertana Finserv 11.40% Jan 2027 NCD 11.40% — 2027-01-15 — —
INE0NES07154 Keertana Finserv 11.30% Jan 2027 NCD 11.30% BBB+ (India Ratings) 2027-01-23 — 2026-10-01
IN80NES07112 Keertana Finserv 11.30% Jan 2027 NCD 11.30% — 2027-01-23 — —
INE0NES07121 Keertana Finserv 11.40% Jan 2027 NCD 11.40% BBB (ICRA) 2027-01-28 9.36% 2026-10-22
IN80NES07062 Keertana Finserv 11.40% Jan 2027 NCD 11.40% — 2027-01-28 — —
INE0NES07170 Keertana Finserv 11.30% Jan 2027 NCD 11.30% BBB (India Ratings) 2027-01-30 — 2026-07-31
IN80NES07096 Keertana Finserv 11.30% Jan 2027 NCD 11.30% — 2027-01-30 — —
INE0NES07162 Keertana Finserv 11.30% Mar 2027 NCD 11.30% BBB+ (India Ratings) 2027-03-06 11.35% 2026-11-05
IN80NES07088 Keertana Finserv 11.30% Mar 2027 NCD 11.30% — 2027-03-06 — —
INE0NES07246 Keertana Finserv 11.20% Apr 2027 NCD 11.20% BBB (India Ratings) 2027-04-03 — —
IN80NES07161 Keertana Finserv 11.20% Apr 2027 NCD 11.20% — 2027-04-03 — —
INE0NES07220 Keertana Finserv 11.30% Apr 2027 NCD 11.30% BBB+ (India Ratings) 2027-04-11 12.15% 2026-10-23
IN80NES07138 Keertana Finserv 11.30% Apr 2027 NCD 11.30% — 2027-04-11 — —
INE0NES07139 Keertana Finserv 11.40% Apr 2027 NCD 11.40% BBB+ (India Ratings) 2027-04-22 12.18% 2026-10-15
INE0NES07253 Keertana Finserv 11.40% May 2027 NCD 11.40% BBB+ (India Ratings) 2027-05-12 11.51% 2026-11-03
IN80NES07120 Keertana Finserv 11.40% May 2027 NCD 11.40% — 2027-05-12 — —
INE0NES07147 Keertana Finserv 11.40% May 2027 NCD 11.40% BBB+ (India Ratings) 2027-05-26 11.40% 2026-11-05
IN80NES07070 Keertana Finserv 11.40% May 2027 NCD 11.40% — 2027-05-26 — —
INE0NES07113 Keertana Finserv 11.40% Jun 2027 NCD 11.40% BBB (ICRA, NSDL record 2024) 2027-06-13 11.72% 2026-10-27
INE0NES07261 Keertana Finserv 11.10% Aug 2027 NCD 11.10% BBB+ (India Ratings) 2027-08-19 11.70% 2026-11-06
IN80NES07146 Keertana Finserv 11.10% Aug 2027 NCD 11.10% — 2027-08-19 — —
IN80NES07203 Keertana Finserv 12.00% Sep 2027 NCD 12.00% — 2027-09-22 — —
INE0NES07329 Keertana Finserv 12.00% Sep 2027 NCD 12.00% BBB+ (India Ratings) 2027-09-22 13.81% 2026-11-06
INE0NES07287 Keertana Finserv 11.40% Oct 2027 NCD 11.40% BBB+ (India Ratings) 2027-10-24 11.54% 2026-11-06
IN80NES07153 Keertana Finserv 11.40% Oct 2027 NCD 11.40% — 2027-10-24 — —
INE0NES07279 Keertana Finserv 11.40% Apr 2028 NCD 11.40% BBB+ (India Ratings) 2028-04-11 11.18% 2026-11-04
IN80NES07195 Keertana Finserv 11.40% Apr 2028 NCD 11.40% — 2028-04-11 — —
INE0NES07303 Keertana Finserv 12.00% May 2028 NCD 12.00% BBB+ (India Ratings) 2028-05-10 12.40% 2026-11-06
IN80NES07211 Keertana Finserv 12.00% May 2028 NCD 12.00% — 2028-05-10 — —
INE0NES07212 Keertana Finserv 11.40% Jun 2028 NCD 11.40% BBB+ (India Ratings) 2028-06-23 — —
INE0NES07204 Keertana Finserv 11.40% Jun 2028 NCD 11.40% BBB+ (India Ratings) 2028-06-25 — 2026-09-24
INE0NES07311 Keertana Finserv 12.00% Jun 2028 NCD 12.00% BBB (India Ratings) 2028-06-25 12.50% 2026-10-23
INE0NES07345 Keertana Finserv 12.00% Sep 2028 NCD 12.00% BBB+ (India Ratings) 2028-09-04 11.75% 2026-11-05
INE0NES07352 Keertana Finserv 11.70% Dec 2028 NCD 11.70% A- (Acuité) 2028-12-16 12.29% 2026-11-06
INE0NES07295 Keertana Finserv 11.50% Mar 2029 NCD 11.50% BBB+ (India Ratings) 2029-03-28 — —
IN80NES07187 Keertana Finserv 11.50% Mar 2029 NCD 11.50% — 2029-03-28 — —
INE0NES07337 Keertana Finserv 12.00% Apr 2029 NCD 12.00% BBB+ (India Ratings) 2029-04-27 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
148
Avg. Yield (Last 30 Days)
11.98%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 24 2026-09-30
Rating Actions History 0 —
Secondary-Market Trades 643 2026-11-06
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Keertana Finserv Limited have?

Keertana Finserv Limited currently has 40 active bonds with coupons of 11.10% - 12.00%, maturities spanning 2026 - 2029.

What is Keertana Finserv Limited's credit rating?

The most common current rating on Keertana Finserv Limited's senior bonds is BBB+ (India Ratings). Ratings on file come from Acuité, ICRA, India Ratings.

Are Keertana Finserv Limited's bonds secured?

Of the 40 bonds with a disclosed security status, 40 are secured (100%) and 0 are unsecured.

When do Keertana Finserv Limited's bonds mature?

Keertana Finserv Limited's active bonds mature between 2026 - 2029; the nearest matures in Dec 2026; the average tenure is 0.9 Yrs.

What is the average coupon on Keertana Finserv Limited's bonds?

The average coupon across Keertana Finserv Limited's 40 active bonds is 11.46%.

Disclaimer: This page aggregates publicly available data about Keertana Finserv Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.