Olympic Cards Limited Reports Default on Term Loan with HDFC Bank Ltd
OLYMPIC CARDS LIMITED has announced a default on a term loan provided by HDFC Bank Ltd. The company disclosed these details in relation to its overall financial indebtedness and outstanding borrowings as of recent reporting dates.The terms of the obligation concerned a term loan, which was reported non-performing following a default that occurred on 28-05-2026. The lender for this specific obligation is HDFC Bank Ltd.
Details regarding the current default include:
- Principal default amount: Rs. 0.1260 Cr
- Interest default amount: Rs. 0.0257 Cr
- Total default amount: 0.1517 Cr (equivalent to Rs. 15,17,273/-)
The overall details of the obligation stood at a total principal amount of Rs. 15.5 Cr, with a tenure of 120 months. The loan was secured, carries an interest rate of 11.05%, and the current outstanding balance with HDFC Bank Ltd on this facility is reported as Rs. 3.04 Cr.
The company also provided updates regarding its overall debt position across all financial institutions. Total outstanding borrowings from banks and financial institutions currently stand at Rs. 8.69 Cr. Furthermore, the total financial indebtedness of Olympic Cards Limited, including both short-term and long-term debt, was reported as Rs. 8.74 Cr as of 31-03-2026.
UTKARSHBNK Stock Price Movement
Shares of Utkarsh Small Finance Bank Limited shed value on Thursday, sinking by 2.02% to settle at ₹14.52. The stock was traded heavily during the session, with a volume of 7.74 million shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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