Indian Bank has fixed the record dates for the payment of yearly interest on its outstanding Long Term Infrastructure Bonds (LTB) Series I and Series II. The bank notified the National Stock Exchange of India Limited and BSE Limited regarding these dates in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement ensures that eligible bondholders are aware of the specific dates required to be on the register to receive their annual interest entitlements.

Interest Payment Schedule

The bank has outlined the specific terms for both tranches, including the issue amounts, interest rates, and adjusted payment dates due to holidays and non-business days.

Payment Adjustments

The actual dates for interest payment have been adjusted from the originally scheduled due dates to accommodate public holidays and weekends, as per the terms of the Offer Document.

For Long Term Infrastructure Bonds Series I, the original due date was September 13, 2026. However, as this date falls on a Sunday and September 14, 2026, is a holiday (Ganesh Chaturthi), the interest will be paid on the succeeding business day, September 15, 2026. No additional interest will be paid for this delay.

Similarly, for Long Term Infrastructure Bonds Series II, the original due date was October 25, 2026. Since this date falls on a Sunday, the interest will be paid on the succeeding business day, October 26, 2026. Again, no additional interest will be accrued for this adjustment.

Additionally, for Series II, the record date was set to October 12, 2026, rather than 15 calendar days prior to the payment date, because that earlier date fell on a non-business day. The succeeding business day was considered as the record date in accordance with the relevant Offer Document.

Regulatory Compliance

The notification was issued under Reference No. ISC/171/2026-27 on August 3, 2026. The communication was signed by Dina Nath Kumar, AGM & Company Secretary, confirming the bank's adherence to regulatory disclosure requirements for its listed debt instruments.

Indian Bank has promoted two senior executives to the role of Chief General Manager, effective August 1, 2026. The bank disclosed the changes in assignment to the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promotions involve key leadership roles within the Corporate Credit and Recovery functions.

Himanshu Kansal has been elevated from General Manager to Chief General Manager of CMC & Recovery. With over 31 years of banking experience, Kansal holds a Post Graduate Diploma in Finance Management, along with diplomas in International Banking & Finance and Treasury Investment & Risk Management. He is also a Certified Associate of Indian Institute of Bankers (CAIIB).

Deepak Gupta has been promoted from Chief General Manager of CO: Corporate Credit to Chief General Manager of Corporate Credit & Mid Corporate Credit. Gupta brings more than 31 years of banking experience to the expanded role. He holds an MBA, B.Com, and is a CAIIB.

The changes are part of routine senior management restructuring aimed at strengthening leadership in critical credit and recovery verticals. Both executives continue to serve within the same broad functional areas, with Gupta’s portfolio expanding to include Mid Corporate Credit.

Key Personnel Changes

These appointments reflect the bank’s focus on experienced internal leadership for managing corporate credit portfolios and recovery operations.