KSFC to issue bonds shortly

Eight per cent interest to be offered

Staff Correspondent

HUBLI: The Karnataka State Finance Corporation (KSFC) will issue bonds at an interest rate of eight per cent in the market shortly.

Speaking to presspersons here on Thursday, KSFC Managing Director Jayachamaraje Urs said the corporation has got permission from the Reserve Bank of India in this regard.

The KSFC has ventured into the insurance sector by entering into a tie-up with IFFCO-Tokyo General Insurance Company and plans to expand the business, he said.

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