OTOnEMI Technology Solutions544754Non banking financial

Kissht management said cost of borrowing will keep declining despite expected rate hikes, aided by its recent credit rating upgrade

By ScoutQuest · Thu 29 Oct 2026, 2:51 PM IST · 1 min read

Recent NCD borrowing cost

12.4 percent

NCD issuance size

325 crore rupees

Expected cost reduction over 12 months

150 to 175 basis points

Loan against property share target

8 to 8.5 percent

Return on equity guidance

upwards of 20 percent

Heard on business television between 14:51:35 - 14:54:35 IST.

• Management said despite an anticipated 50 bps policy rate hike over the next 2-3 quarters, cost of funds would still decline due to credit rating upgrade to A- (stable) not yet fully reflected in borrowing costs
• Cited recent NCD issuance of 325 crore rupees at 12.4%, around 130-140 bps lower than current cost of borrowing
• Said hypothetically without rate hikes, cost of borrowing could fall 2.25-2.5% over 12 months; with hikes factored in, still expects 150-175 bps reduction
• Loan against property book (currently ~8%) expected to grow slightly faster than personal loans, reaching 8-8.5% of book by year end
• Guided return on equity above 20% and return on average assets of 4.5-5% by end of year, without giving specific margin guidance

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