Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
The rating agency for this Bond is India Ratings.
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Navi Finserv Aug '29
₹10,148.82YTM
10.80%Tenure left
36 monthsInterest payout
MonthlyPrincipal payout
MaturityBond details
Minimum investment₹10,148.82
Date of maturity31 Aug 2029
ISININE342T07726
Bond typeSenior Secured
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About
Navi Finserv Limited (NFL), formerly known as Navi Finserv Private Limited, is a non-banking financial company (NBFC) and the primary lending subsidiary of the Navi Group, where holding entity Navi Limited (NL) was established by promoter Sachin Bansal. NFL operates a fully digital, technology-led lending platform featuring automated, end-to-end origination, credit underwriting, disbursement, and risk management driven by proprietary machine learning models. As of March 2026, the company's lending business manages an Assets Under Management (AUM) base of INR 197.40 billion, with unsecured personal loans extended primarily to salaried borrowers forming the mainstay of its portfolio.;
Pros and Cons
Pros
Cons
The company maintains an adequate capitalization profile, supported by a standalone tangible net worth of INR 37.38 billion and a capital adequacy ratio of 23.8% as of March 31, 2026.
It operates an established, scalable, fully automated digital underwriting infrastructure that utilizes proprietary machine learning algorithms to drive operating efficiencies and risk assessment.
The business benefits from a well-diversified liability franchise spanning bank term loans, non-convertible debentures, pass-through certificates, commercial paper, co-lending, and direct assignment arrangements.
Standalone operating efficiency improved significantly during FY26, with the operating expense ratio lowering to 3.8% and credit costs declining to 2.6% due to tighter underwriting standards.
Reported asset quality metrics experienced positive moderation, with Gross NPA and Net NPA improving to 1.25% and 0.16% respectively in FY26, backed by a strong provision coverage ratio of 87.5%.
Other details
Clean price₹10,113.48
Dirty price₹10,148.82
Current yield10.62%
Security cover1.05X of POS
Issue size10000
Original bond tenure38 months
TrusteeCatalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Mode of issueNCD
Listed onNSE
Listing date15 Jun 2026
Coupon rate10.75%
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