Karnataka Bank Announces Record Date for Annual Interest Payment on Tier II Bonds
Mangaluru, 7 March 2026: Karnataka Bank Ltd. has announced the record date for payment of annual interest on its Tier II Bonds (Series VII – ISIN: INE614B08054). The interest payment is scheduled for March 30, 2026, while the record date for shareholders to be eligible for interest is March 13, 2026.
The Tier II bonds were issued on March 30, 2022, with a principal amount of Rs 300 crore and carry an annual coupon rate of 10.70%, resulting in an interest payout of Rs 32.10 crore for the current period.
Key Details of the Bonds
| Series | ISIN | Principal Amount (Rs. Cr) | Coupon (% p.a.) | Interest (Rs. Cr) | Date of Issue | Date of Interest Payment | Record Date |
|---|---|---|---|---|---|---|---|
| VII | INE614B08054 | 300 | 10.70 | 32.10 | 30-Mar-2022 | 30-Mar-2026 | 13-Mar-2026 |
This announcement was made pursuant to Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with statutory norms for disclosure and investor communication.
Implications for Investors
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Eligible bondholders must ensure their records reflect ownership as of March 13, 2026 to receive the interest payment.
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Karnataka Bank emphasizes timely account verification to ensure smooth credit of interest.
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The bonds offer a fixed high yield of 10.7% per annum, making them attractive for investors seeking stable returns.
About Karnataka Bank
Karnataka Bank Ltd., headquartered in Mangaluru, is one of India’s established private sector banks, known for its wide network across the country and robust retail and corporate banking services. The bank has consistently raised funds via Tier II bonds to strengthen its capital base and support business growth.
Company Secretary & Compliance Officer Sham K signed off the communication to NSE and BSE, ensuring regulatory transparency for investors.