Kotak Mahindra Bank pays ₹143.07 crore interest on NCDs
Kotak Mahindra Bank confirmed the payment of ₹143.07 crore interest on its 7.55% NCDs on June 23, 2026. The payment, pertaining to bonds with a face value of ₹1 lakh each, was made on the due date without delay.
*this image is generated using AI for illustrative purposes only.
Kotak Mahindra Bank has remitted an interest payment of ₹143.07 crore to eligible bondholders for its 7.55% Senior Unsecured Rated Listed Redeemable Long Term Bonds. The payment was made on June 23, 2026, aligning with the scheduled due date, as per a regulatory filing.
The interest pertains to Non-Convertible Debentures (NCDs) issued with a face value of ₹1 lakh each. The bank disclosed the transaction details in a submission 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 confirmed that the total interest outflow matched the due amount exactly, with no delays reported. The relevant data for the payment is summarized below:
| Particulars | Details |
|---|---|
| ISIN | INE237A08973 |
| Issue Size | ₹18,950,000,000 |
| Interest Amount Paid | ₹1,430,725,000 |
| Interest Amount (₹ in crore) | ₹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 noted that the reason for non-payment or delay was Not Applicable. The previous 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. Avan Doomasia, Company Secretary, signed the communication confirming the transaction.
Historical Stock Returns for Kotak Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.24% | +0.66% | -5.22% | -9.59% | -11.98% | +11.63% |
Will Kotak Mahindra Bank look to refinance this ₹18,950 crore issue before maturity given current interest rate environments?
How does the cost of this 7.55% debt compare to the bank's current cost of funds and yield on advances?
Does this timely payment signal a potential upgrade in the bank's credit rating for future debt issuances?
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