Kotak Mahindra Bank pays Rs 143.07 crore NCD interest
Kotak Mahindra Bank has settled an interest payment of Rs 143.07 crore for its 7.55% NCDs on the due date of June 23, 2026. The payment covers bonds with an issue size of Rs 18,950,000,000 identified by ISIN INE237A08973. The bank confirmed there were no delays in the annual disbursement.
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Kotak Mahindra Bank has confirmed the payment of interest amounting to Rs 143.07 crore on its 7.55% Senior Unsecured Rated Listed Redeemable Long Term Bonds. The payment was remitted to eligible bondholders on June 23, 2026, coinciding with the scheduled due date.
The interest pertains to Non-Convertible Debentures (NCDs) issued with a face value of Rs 1 lakh each. The bank disclosed the payment details in a filing submitted to the exchanges pursuant to Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Payment Details
The bank provided specific particulars regarding the transaction, confirming that the total interest outflow matched the due amount exactly. The relevant data for the payment is summarized below:
| Particulars | Details |
|---|---|
| ISIN | INE237A08973 |
| Issue Size | Rs 18,950,000,000 |
| Interest Amount Paid | Rs 1,430,725,000 |
| Interest Amount (Rs in crore) | Rs 143.0725 |
| Record Date | June 08, 2026 |
| Due Date for Payment | June 23, 2026 |
| Actual Date of Payment | June 23, 2026 |
| Frequency | Annually |
The filing confirmed that there were no delays in the payment, with the reason for non-payment or delay listed as Not Applicable. The last interest payment for this instrument was made on June 23, 2025.
The disclosure has been hosted on the bank's official investor relations section in compliance with the Listing Regulations. The company secretary, Avan Doomasia, signed the communication confirming the transaction.
Historical Stock Returns for Kotak Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | -1.01% | +4.56% | -6.58% | -8.05% | +14.29% |
How will this interest outflow impact Kotak Mahindra Bank's liquidity position and capital adequacy ratios for the current quarter?
Given the timely payment, is the bank planning to launch a new tranche of bonds to refinance maturing debt or fund expansion?
What is the current yield spread of these bonds compared to similar instruments in the market, and has investor appetite changed?
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