Karnataka Bank Limited has announced the record date for annual interest payment on its Tier II Bonds Series VII, as communicated to stock exchanges on March 7, 2026. The announcement follows regulatory requirements under SEBI listing obligations for corporate bond interest payments.

Bond Interest Payment Details

The bank has set March 13, 2026 as the record date for determining eligible bondholders for the annual interest payment. The interest payment itself is scheduled for March 30, 2026, marking the fourth anniversary of the bond issuance.

Regulatory Compliance

The intimation was made pursuant to Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank communicated the details to both National Stock Exchange of India Limited and BSE Limited through its secretarial department.

Bond Specifications

The Tier II Bonds Series VII carry a coupon rate of 10.70% per annum on the principal amount of ₹300.00 crores. These bonds were originally issued on March 30, 2022, and the upcoming interest payment of ₹32.10 crores represents the annual return to bondholders. The bonds are identified by ISIN INE614B08054 for trading and settlement purposes.

Bondholders whose names appear in the records as of the close of business on March 13, 2026 will be eligible to receive the interest payment scheduled for March 30, 2026.

Karnataka Bank Limited has announced the allotment of equity shares under its Employee Stock Option Scheme, marking another step in its employee incentive program. The bank informed stock exchanges about this corporate action on March 5, 2026.

Share Allotment Details

The bank has allotted equity shares to employees who exercised their vested stock options under the KBL Employees Stock Option Scheme 2018. The allotment was approved by the Managing Director & CEO on March 5, 2026.

Regulatory Compliance

The allotment has been made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Karnataka Bank has duly informed both the National Stock Exchange of India Limited and BSE Limited about this development.

The communication was signed by Sham K, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency in the share allotment process.

Employee Stock Option Scheme Background

The shares were allotted to employees and grantees who exercised their vested options under the KBL Employees Stock Option Scheme 2018. This scheme represents the bank's commitment to employee participation in the organization's growth and performance.