Kotak Mahindra Bank Limited has successfully completed its interest payment obligations to bondholders, remitting ₹12.38 crore on March 30, 2026, for its 8.25% Senior Unsecured Redeemable Long Term Bonds. The payment was made in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Bond Payment Details

The interest payment pertains to non-convertible debentures with specific characteristics and payment schedule:

Payment Schedule and Compliance

The bank adhered to the prescribed timeline for interest disbursement, with all payments made as per regulatory requirements:

The due date was adjusted according to Business Day Convention in compliance with SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and relevant SEBI circulars.

Regulatory Compliance

Kotak Mahindra Bank filed the confirmation under Regulation 57 of SEBI Listing Regulations, providing detailed documentation to both BSE Limited and National Stock Exchange of India Limited. The bank's Company Secretary, Avan Doomasia, signed the compliance documents confirming the successful completion of interest payments.

The disclosure information has been made available on the bank's official website under the investor relations section, ensuring transparency and accessibility for all stakeholders. No delays or issues were reported in the payment process, with all eligible bondholders receiving their due interest amounts on the scheduled date.

Kotak Mahindra Bank has issued an official clarification to stock exchanges regarding the alleged Rs 160-crore fixed deposit fraud linked to Panchkula Municipal Corporation, confirming that the incident has no material impact on the bank's operations under SEBI regulations. The bank's formal response addresses recent media reports while outlining its cooperation with investigating authorities.

Official Regulatory Clarification

In its communication to BSE and NSE dated March 27, 2026, Kotak Mahindra Bank provided a comprehensive clarification on the fraud allegations. The bank explicitly stated there is no material impact in terms of provisions under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Examination and Cooperation Process

Following instructions from the Municipal Corporation of Panchkula, Kotak Mahindra Bank is examining the matter comprehensively. The bank has informed and is cooperating fully with the Municipal Corporation, government authorities, and law enforcement agencies throughout this process.

Stakeholder Communication

The bank's proactive approach in addressing the media reports through official exchange filings demonstrates its commitment to transparency and regulatory compliance. By providing clear statements on the material impact assessment and cooperation status, the bank ensures stakeholders remain informed about developments while maintaining operational integrity.

The formal clarification, signed by Company Secretary Avan Doomasia, reinforces the bank's established protocols for managing such situations while maintaining full transparency with regulatory authorities and market participants.