Shalibhadra Finance Cuts Borrowing Cost by 0.80% on NCDs

Shalibhadra Finance Limited has announced a significant reduction of 0.80% in its Incremental Cost of Borrowing through Listed Non-Convertible Debentures (NCDs) within six months. Between April 2026 and October 2026, the company's borrowing interest rate via NCDs decreased from 12.00% to 11.20%. This reduction was achieved through three tranches of NCD issuances totaling ₹63.5 crores. The lower borrowing cost is expected to enable Shalibhadra Finance to offer more competitive interest rates to its customers, enhance its competitive advantage, improve Net Interest Margins (NIMs), and positively impact overall profitability. The company plans to continue utilizing NCDs for future debt raising and anticipates further reductions in borrowing rates.