Indian Bank Announces Record Date for Tier2 Bonds Series III Interest Payment

Indian Bank has announced the record date for annual interest payment on its outstanding Tier2 Bonds Series III, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank communicated this information to both NSE and BSE through an official notification dated December 22, 2025.

Bond Details and Interest Payment Schedule

The Tier2 Bonds Series III carry specific parameters for the upcoming interest payment cycle:

Parameter:	Details
ISIN Code:	INE428A08051
Issue Amount:	₹1,000.00 crores
Interest Rate:	8.15%
Payment Frequency:	Annual
Record Date:	January 12, 2026
Due Date:	January 27, 2026

Payment Date Adjustment

The original due date for interest payment was January 25, 2026. However, due to this date falling on a Sunday (holiday) and January 26, 2026 being a public holiday, the interest payment will be made on the succeeding working day, January 27, 2026. Importantly, no additional interest will be charged for this delay, as per the terms outlined in the offer document.

Record Date Determination

According to the relevant offer document provisions, when the date falling 15 calendar days prior to the interest payment day is a non-business day, the succeeding business day is considered as the record date. This regulatory framework ensures proper settlement procedures while accommodating holiday schedules.

Regulatory Compliance

The announcement fulfills the bank's disclosure obligations under SEBI regulations. Indian Bank has provided this information to both major stock exchanges where it is listed - NSE (Symbol: INDIANB) and BSE (Scrip Code: 532814) - ensuring transparent communication with bondholders and the investment community.

This interest payment represents the bank's commitment to servicing its debt obligations on schedule, maintaining investor confidence in its Tier2 capital instruments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	+0.52%	-7.82%	+27.65%	+46.56%	+855.61%

Indian Bank has announced its decision to exercise the call option on its outstanding Tier 2 Bonds Series V, marking a significant corporate action for the public sector bank. The exercise involves bonds aggregating to ₹2000 crores and is subject to receiving requisite prior approval from the Reserve Bank of India.

Bond Details and Timeline

The bank has provided comprehensive details regarding the call option exercise through its official communication to stock exchanges. The following table outlines the key parameters of the bond series:

Parameter	Details
ISIN Code	INE562A08081
Bond Description	6.18% Indian Bank Basel III Compliant Tier 2 Bonds Series V
Issue/Allotment Date	January 13, 2021
First Call Option Date	January 13, 2026
Record Date	December 29, 2025
Bond Value	₹2000 crores
Coupon Rate	6.18%

Regulatory Compliance and Approval

The call option exercise is contingent upon receiving the necessary regulatory approvals from the Reserve Bank of India. This requirement aligns with standard banking regulations governing Tier 2 capital instruments and ensures compliance with Basel III norms. The bank has clearly stated that the exercise is subject to RBI's prior approval, highlighting the regulatory oversight involved in such corporate actions.

Record Date Significance

Indian Bank has set December 29, 2025, as the record date for determining eligible bondholders for the call option exercise. This date is crucial for investors as it establishes the cut-off for identifying bondholders who will be affected by the call option exercise scheduled for January 13, 2026.

Basel III Compliance Framework

The Tier 2 Bonds Series V are Basel III compliant instruments, representing part of the bank's regulatory capital structure. These bonds were issued as part of the bank's capital adequacy requirements and form a component of the supplementary capital under Basel III guidelines. The 6.18% coupon rate reflects the interest rate environment at the time of issuance in January 2021.

Indian Bank has communicated this development to both the National Stock Exchange of India Limited and BSE Limited, ensuring proper disclosure to all stakeholders and market participants. This announcement demonstrates the bank's proactive approach to managing its capital structure and regulatory compliance obligations.