Kotak Mahindra Bank Pays ₹23.55 Cr Interest on 7.85% NCDs
Mumbai, March 20, 2026: Kotak Mahindra Bank Ltd. , one of India's leading private sector banks, has informed the stock exchanges that it has made timely payment of interest to bondholders on its outstanding Non-Convertible Debentures (NCDs).
In a regulatory filing on Friday, the bank confirmed that the interest on the 7.85% Senior Rated Listed Unsecured Redeemable Long Term Bonds, issued in the nature of Non-Convertible Debentures with a face value of ₹1 lakh each, has been remitted to eligible bondholders on the due date.
Key Highlights:
| Parameter | Details |
|---|---|
| ISIN | INE237A08965 |
| Interest Rate | 7.85% per annum |
| Due Date | March 20, 2026 |
| Actual Payment Date | March 20, 2026 |
| Interest Amount Paid | ₹23.55 Crore |
| Total Issue Size | ₹300 Crore |
| Frequency | Annual |
| Record Date | March 5, 2026 |
Timely Debt Servicing
The bank made the interest payment on the Senior Rated Listed Unsecured Redeemable Long Term Bonds promptly on the scheduled due date, demonstrating its strong liquidity position and adherence to debt obligations. The payment was made to eligible bondholders recorded as of the record date of March 5, 2026.
The disclosure was made pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , which mandates listed entities to confirm timely payment of interest and principal to debenture holders.
Regulatory Compliance
In compliance with relevant SEBI master circulars, Kotak Mahindra Bank has submitted detailed confirmation of the interest payment in Annexure A to its filing. The bank has also hosted the information on its investor relations website as per listing regulations.
The filing was signed by Avan Doomasia, Company Secretary of Kotak Mahindra Bank Ltd.
About Kotak Mahindra Bank
Kotak Mahindra Bank Ltd. is one of India's premier private sector banks, offering a wide range of banking and financial services including commercial banking, retail banking, investment banking, wealth management, and asset management. With a strong presence across the country, the bank is known for its robust corporate governance, prudent risk management, and consistent delivery on financial commitments.