Bank of Maharashtra pays ₹78.60 crore interest on Basel III bonds
- Bank of Maharashtra paid ₹78.60 crore in annual interest on Basel III Tier II bonds
- The payment was made on October 21, 2026, matching the scheduled due date
- The underlying bond issue has a total size of ₹1,000 crore
- Interest is paid annually with a record date of October 6, 2026
*this image is generated using AI for illustrative purposes only.
Bank of Maharashtra paid ₹78.60 crore in annual interest on its Basel III Compliant Tier II Bonds on October 21, 2026. The payment was made on the due date, ensuring no delay in servicing the debt obligation.
The interest relates to a bond issue with a total size of ₹1,000 crore. The annual coupon structure dictates that this amount is payable once per year. The record date for the current payout was October 6, 2026, determining eligibility for existing bondholders.
Payment details and compliance
The bank communicated the transaction to stock exchanges under Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The actual payment date matched the due date exactly, indicating strict adherence to the scheduled timeline.
| Particular | Detail |
|---|---|
| Issue Size | ₹1,000 crore |
| Interest Amount Paid | ₹78.60 crore |
| Frequency | Annual |
| Record Date | October 6, 2026 |
| Due Date | October 21, 2026 |
| Actual Payment Date | October 21, 2026 |
What the numbers show
The annual interest payment of ₹78.60 crore on a principal amount of ₹1,000 crore implies an effective annual yield of approximately 7.86% for this specific tranche. This rate reflects the cost of capital for the bank's subordinated debt instruments issued under Basel III norms. The consistent annual frequency and timely payment underscore stable debt servicing practices for this specific instrument.
Historical Stock Returns for Bank of Maharashtra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.37% | -4.77% | -5.39% | +8.68% | +38.40% | +266.77% |
How will the 7.86% cost of capital impact Bank of Maharashtra's net interest margin in the upcoming quarters?
What are the bank's plans for refinancing or issuing new Tier II bonds as the current tranche approaches maturity?
How does this interest payment obligation affect the bank's capital adequacy ratio targets under evolving RBI guidelines?
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