Keertana Finserv Limited

Keertana Finserv Limited is an Indian company in the BFSI industry (formerly Keertana Finserv Private Limited and Rajshree Tracom Private Limited) with 24 outstanding bonds (ISINs) recorded on this page. It is also the originator behind one outstanding pass-through certificate (PTC) of Loanx Knotweed Jun 2025. Stated coupons on its fixed-rate bonds range from 11.1% to 12% a year. Maturity dates run from 11 Dec 2026 to 27 Apr 2029. NSDL records all 24 whose terms it holds as secured. Latest credit ratings on record: Acuite A- (Stable) (action dated 12 Aug 2026); India Ratings BBB+ (Stable) (action dated 29 Jul 2026); ICRA BBB (Stable) (action dated 8 Jun 2026). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Outstanding pass-through certificates (ISINs)
1
Pass-through scheme
Loanx Knotweed Jun 2025
Legal name
Keertana Finserv Limited
Formerly
Keertana Finserv Private Limited; Rajshree Tracom Private Limited
CIN
U65100WB1996PLC077252
LEI
894500JF1GLA68KV4D09
Company status
Active
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer codes
INE0NES, INE27QM
Outstanding bonds (ISINs)
24 (plus 7 matured)
Stated coupons (fixed rate)
11.1% – 12%
Maturity dates
11 Dec 2026 – 27 Apr 2029
Secured (NSDL)
24 of 24
Combined issue size of outstanding bonds
₹4,123 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Keertana Finserv bonds: ISIN, coupon and maturity

24 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE0NES07188 NCD 11.2% Yearly 11 Jun 2025 11 Dec 2026 ₹1,00,000 256 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07238 NCD 11.4% Yearly 15 Jul 2025 15 Jan 2027 ₹1,00,000 185 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07154 NCD 11.3% Yearly 23 Jan 2025 23 Jan 2027 ₹1,00,000 75.00 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07121 NCD 11.4% Yearly 30 Jul 2024 28 Jan 2027 ₹1,00,000 100 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07170 NCD 11.3% Yearly 30 Apr 2025 30 Jan 2027 ₹1,00,000 50.00 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07162 NCD 11.3% Yearly 6 Mar 2025 6 Mar 2027 ₹1,00,000 100 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07246 NCD 11.2% Yearly 24 Jul 2025 3 Apr 2027 ₹10,000 193 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07220 NCD 11.3% Yearly 11 Jul 2025 11 Apr 2027 ₹1,00,000 70.00 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07139 NCD 11.4% Yearly 22 Oct 2024 22 Apr 2027 ₹1,00,000 75.00 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07253 NCD 11.4% Yearly 12 Aug 2025 12 May 2027 ₹1,00,000 177 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07147 NCD 11.4% Yearly 26 Nov 2024 26 May 2027 ₹50,000 117 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07113 NCD 11.4% Yearly 13 Jun 2024 13 Jun 2027 ₹1,00,000 36.00 Secured None recorded BSE ICRA BBB 8 Jun 2026
INE0NES07261 NCD 11.1% Yearly 19 Aug 2025 19 Aug 2027 ₹10,000 150 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07329 NCD 12% Yearly 22 Apr 2026 22 Sep 2027 ₹10,000 551 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07287 NCD 11.4% Yearly 24 Oct 2025 24 Oct 2027 ₹10,000 408 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07279 NCD 11.4% Yearly 11 Sep 2025 11 Apr 2028 ₹1,00,000 155 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07303 NCD 12% Yearly 10 Feb 2026 10 May 2028 ₹10,000 200 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07212 NCD 11.4% Yearly 23 Jun 2025 23 Jun 2028 ₹1,00,000 75.00 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07311 NCD 12% Yearly 25 Mar 2026 25 Jun 2028 ₹1,00,000 250 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07204 NCD 11.4% Yearly 25 Jun 2025 25 Jun 2028 ₹1,00,000 75.00 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07345 NCD 12% Yearly 4 Jun 2026 4 Sep 2028 ₹10,000 150 Secured None recorded BSE India Ratings BBB+ 29 Jul 2026
INE0NES07352 NCD 11.7% Yearly 16 Sep 2026 16 Dec 2028 ₹10,000 500 Secured None recorded BSE Acuite A- 12 Aug 2026
INE0NES07295 NCD 11.5% Quarterly 30 Dec 2025 28 Mar 2029 ₹1,00,000 50.00 Secured None recorded — India Ratings BBB+ 29 Jul 2026
INE0NES07337 NCD 12% Yearly 28 Apr 2026 27 Apr 2029 ₹1,00,000 125 Secured None recorded — India Ratings BBB+ 29 Jul 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Keertana Finserv pass-through certificates (PTCs): schemes, ISINs and maturity

1 outstanding PTC in 1 scheme · by scheme, then maturity

Scheme ISIN Series Coupon Maturity Interest Trustee Traded on Rating (NSDL)
Loanx Knotweed Jun 2025 INE27QM15013 Series A1 11.8% 18 Jun 2034 As per payout schedule Catalyst Trusteeship Limited Not traded —
Notes on this table

Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.

Keertana Finserv credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
Acuite A- Stable New 12 Aug 2026 1 Verified by NSDL · Checked 7 Nov 2026
India Ratings BBB+ Stable Reaffirm 29 Jul 2026 22 Verified by NSDL · Checked 7 Nov 2026
ICRA BBB Stable Reaffirm 8 Jun 2026 1 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
12 Aug 2026 Acuite A- Stable New
29 Jul 2026 India Ratings BBB+ Stable Reaffirm
8 Jun 2026 ICRA BBB Stable Reaffirm
26 May 2026 India Ratings BBB+ Stable Reaffirm
20 Apr 2026 India Ratings BBB+ Stable Reaffirm
27 Feb 2026 India Ratings BBB+ Stable Reaffirm
19 Jan 2026 India Ratings BBB+ Stable Reaffirm
26 Nov 2025 India Ratings BBB+ Stable Reaffirm
17 Nov 2025 India Ratings BBB+ Stable Reaffirm
20 Aug 2025 India Ratings BBB+ Stable Reaffirm
18 Jul 2025 India Ratings BBB+ Stable Reaffirm
20 Jun 2025 India Ratings BBB+ Stable Reaffirm
9 Jun 2025 ICRA BBB Stable Reaffirm
1 Aug 2024 India Ratings BBB+ Stable New
10 Jun 2024 ICRA BBB Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: ICRA, India Ratings, Acuite

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
16 Sep 2026 INE0NES07352 16 Dec 2028 Placement memorandum on BSE
30 Jul 2026 INE0NES07329 22 Sep 2027 Placement memorandum on BSE
9 Jul 2026 INE0NES07303 10 May 2028 Placement memorandum on BSE
18 Jun 2026 INE0NES07303 10 May 2028 Placement memorandum on BSE
21 May 2026 INE0NES07329 22 Sep 2027 Placement memorandum on BSE
18 May 2026 INE0NES07329 22 Sep 2027 Placement memorandum on BSE
12 May 2026 INE0NES07329 22 Sep 2027 Placement memorandum on BSE
28 Apr 2026 INE0NES07337 27 Apr 2029 Placement memorandum on BSE
17 Apr 2026 INE0NES07147 26 May 2027 Placement memorandum on BSE
25 Mar 2026 INE0NES07311 25 Jun 2028 Placement memorandum on BSE
20 Mar 2026 INE0NES07279 11 Apr 2028 Placement memorandum on BSE
5 Mar 2026 INE0NES07279 11 Apr 2028 Placement memorandum on BSE
13 Feb 2026 INE0NES07287 24 Oct 2027 Placement memorandum on BSE
10 Feb 2026 INE0NES07303 10 May 2028 Placement memorandum on BSE
2 Feb 2026 INE0NES07295 28 Mar 2029 Placement memorandum on BSE
20 Jan 2026 INE0NES07253 12 May 2027 Placement memorandum on BSE
14 Jan 2026 INE0NES07162 6 Mar 2027 Placement memorandum on BSE
9 Jan 2026 INE0NES07287 24 Oct 2027 Placement memorandum on BSE
5 Jan 2026 INE0NES07154 23 Jan 2027 Placement memorandum on BSE
30 Dec 2025 INE0NES07295 28 Mar 2029 Placement memorandum on BSE
12 Dec 2025 INE0NES07238 15 Jan 2027 Placement memorandum on BSE
9 Dec 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
4 Dec 2025 INE0NES07253 12 May 2027 Placement memorandum on BSE
26 Nov 2025 INE0NES07287 24 Oct 2027 Placement memorandum on BSE
18 Nov 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
12 Nov 2025 INE0NES07246 3 Apr 2027 Placement memorandum on BSE
7 Nov 2025 INE0NES07287 24 Oct 2027 Placement memorandum on BSE
10 Oct 2025 INE0NES07261 19 Aug 2027 Placement memorandum on BSE
6 Oct 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
24 Sep 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
16 Sep 2025 INE0NES07220 11 Apr 2027 Placement memorandum on BSE
11 Sep 2025 INE0NES07279 11 Apr 2028 Placement memorandum on BSE
19 Aug 2025 INE0NES07261 19 Aug 2027 Placement memorandum on BSE
12 Aug 2025 INE0NES07253 12 May 2027 Placement memorandum on BSE
1 Aug 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
28 Jul 2025 INE0NES07154 23 Jan 2027 Placement memorandum on BSE
24 Jul 2025 INE0NES07246 3 Apr 2027 Placement memorandum on BSE
18 Jul 2025 INE0NES07170 30 Jan 2027 Placement memorandum on BSE
15 Jul 2025 INE0NES07238 15 Jan 2027 Placement memorandum on BSE
11 Jul 2025 INE0NES07220 11 Apr 2027 Placement memorandum on BSE
25 Jun 2025 INE0NES07204 25 Jun 2028 Placement memorandum on BSE
23 Jun 2025 INE0NES07212 23 Jun 2028 Placement memorandum on BSE
11 Jun 2025 INE0NES07188 11 Dec 2026 Placement memorandum on BSE
15 May 2025 INE0NES07162 6 Mar 2027 Placement memorandum on BSE
30 Apr 2025 INE0NES07170 30 Jan 2027 Placement memorandum on BSE
24 Apr 2025 INE0NES07162 6 Mar 2027 Placement memorandum on BSE
8 Apr 2025 INE0NES07147 26 May 2027 Placement memorandum on BSE
6 Mar 2025 INE0NES07162 6 Mar 2027 Placement memorandum on BSE
23 Jan 2025 INE0NES07154 23 Jan 2027 Placement memorandum on BSE
26 Nov 2024 INE0NES07147 26 May 2027 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Company details

Date of incorporation
14 Feb 1996
Class
https://keertanafin.in/
Listed / unlisted
Unlisted
Registered office
4A, Office No 919, 9th Floor, Regus Granduer, PS Arcadia Central, Camac Street, Park Street, Abanindra Nath Thakur Sarani Kolkata, 700016
State
West Bengal
Registrar of Companies
Kolkata
Authorised capital
4000000000
Paid-up capital
1612500000
Last AGM
24 Sep 2025

Keertana Finserv bonds: questions and answers

What bonds has Keertana Finserv Limited issued?

Keertana Finserv Limited has 24 outstanding bonds recorded on this page. By type, as described by NSDL: 24 NCDs. 7 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Keertana Finserv Limited bonds?

Its 24 outstanding bonds each have their own ISIN, for example INE0NES07188, INE0NES07238, INE0NES07154. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE0NES / INE27QM.

What coupon rates do Keertana Finserv Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 11.1% to 12% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Keertana Finserv Limited bonds mature?

Its outstanding bonds have maturity dates from 11 Dec 2026 to 27 Apr 2029. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Keertana Finserv Limited bonds?

NSDL India Bond Info records Acuite A- (Stable) (action dated 12 Aug 2026); India Ratings BBB+ (Stable) (action dated 29 Jul 2026); ICRA BBB (Stable) (action dated 8 Jun 2026) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Keertana Finserv Limited bonds secured, unsecured or guaranteed?

NSDL records all 24 outstanding bonds whose terms it holds as secured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Keertana Finserv Limited the same company as Keertana Finserv Private Limited?

Yes. Keertana Finserv Limited was formerly known as Keertana Finserv Private Limited and Rajshree Tracom Private Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65100WB1996PLC077252.

Where can investors find the original disclosure documents for Keertana Finserv Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Keertana Finserv Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Which pass-through schemes are listed under Keertana Finserv Limited?

Keertana Finserv Limited has one scheme with outstanding pass-through certificates on this page: Loanx Knotweed Jun 2025, with 1 outstanding PTC ISIN in all.

What is a pass-through certificate (PTC)?

A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 11 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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