Northern ARC Capital

Northern Arc Capital has signed a non-binding memorandum of understanding with YES BANK to establish a wide-ranging strategic partnership. Under the agreement, Northern Arc will tap its network of 368 originator partners to facilitate credit deployment for YES BANK through its placements business, while integrating proprietary platforms such as nPOS, NIMBUS, and NuScore with the bank's digital lending architecture. The deal also covers distribution of Northern Arc's alternative investment funds and bond platform Altifi through YES BANK's wealth ecosystem. No upfront consideration has been paid. The partnership is expected to open new revenue streams for Northern Arc from technology integration, wealth distribution, and expanded origination capacity, though financial targets have not been disclosed.

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June 15 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• NORTHERN ARC CAPITAL - NACL ENTERS MOU WITH YES BANK TO FACILITATE CREDIT DEPLOYMENT

Source text: ID:nBSE8CDT1

Further company coverage: NORR.NS

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April 29 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• NORTHERN ARC CAPITAL LTD - TO CONSIDER FUND RAISING VIA DEBT SECURITIES THROUGH PRIVATE PLACEMENT

Source text: ID:nBSE4BVrLT

Further company coverage: NORR.NS

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** Motilal Oswal initiates coverage of Indian diversified financial services company Northern Arc Capital at "Buy" with PT of 360 rupees; stock rises 2.85%

** Co's strategic pivot to D2C lending has expanded margins and improved profitability - brokerage

** Its core intermediate retail lending business, where it supports lending activities of other lenders, provides stability through diversified exposures - brokerage

** NORR's fund management and placement businesses also contribute recurring and largely risk-free income, while its proprietary tech stack helps it scale up and manage risk - brokerage

** YTD, NORR up 1.44%

(Reporting by Abhirami G in Bengaluru)

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Jan 30 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• RBI IMPOSES MONETARY PENALTY ON NORTHERN ARC CAPITAL LIMITED

• IMPOSES MONETARY PENALTY ON NORTHERN ARC CAPITAL

• IMPOSES MONETARY PENALTY OF 270,000 RUPEES ON NORTHERN ARC CAPITAL

Further company coverage: NORR.NS

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** Ambit Institutional Equities starts coverage on Northern Arc Capital Ltd NORR.NS with 'buy' rating, PT at 326 rupees
** NORR up 1.4% at 257.4 rupees
** Brokerage says market participants are underestimating prospects for improvement in NORR’s NIM and ROE due to the legacy wholesale mix of its loanbook and recent high credit costs

** Ambit's analysts point out since pivoting to more retail lending in FY22, ROE expanded 410 bps, projecting that continued transition to high-margin retail will drive 15.7% ROE by FY28
** NORR's long experience in placements and fund management will boost fee income, helping it absorb higher credit costs - Ambit
** Ambit says longer-term growth longevity levers exist in scaling up vehicle/affordable home finance
** NORR up ~17% YTD so far

(Reporting by Meenakshi Maidas in Bengaluru)

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June 11 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• NORTHERN ARC CAPITAL - APPROVAL FROM RESERVE BANK OF INDIA TO UNDERTAKE FACTORING BUSINESS

Source text: ID:nBSE9MzJP3

Further company coverage: NORR.NS

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** India's Quality Power Electrical Equipment QUAY.NS and DAM Capital Advisors DAMC.NS slide as much as 6.7% and 4.2%, respectively

** Lock-in period on 6% outstanding QUAY and DAMC shares expire, as per Nuvama

** QUAY down 23% vs 425 rupees IPO price (lists on Feb 24); DAMS down 22% vs 283 rupees after IPO price (lists on Dec 27)

** DAM Capital gets SEBI administrative warning on certain broking operations matters

** Lock-ins on 6 others expire, including Sanathan Textiles SNAT.NS, Northern ARC Capital NORR.NS, Samhi Hotels SAMH.NS

** SNAT down 3.2%, while NORR flat; other stocks up

** 72 lock-ins to expire from March 17 to May 30 but not all shares will be for sale as promoters hold sizeable stakes, Nuvama says

(Reporting by Vivek Kumar M)

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Oct 28 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 976.7 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.85 BILLION RUPEES

Source text: ID:nBSEWpNb2

Further company coverage: NORR.NS

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