Date: 30th September 2026
Board Meeting Outcomes
The Bank has decided to exercise the call option on its Basel III Compliant Additional Tier I Bond with ISIN INE476A08126. This decision follows necessary approvals received from the Reserve Bank of India vide their letter dated 15th September 2026.
Bond Details and Call Option Execution
Bond Specifics:
- Issuance Date: 25th October 2021
- Face Value: ₹1500 Crore
- Coupon Rate: 8.40% per annum, payable annually
Call Option Timeline:
- Record Date: 8th October 2026
- Call Option Date: 23rd October 2026 (originally 25th October 2026, but it is a holiday)
- Payment Date: 23rd October 2026
Payment Details:
- The Bank will pay the principal amount together with interest accrued for the period from 25th October 2025 to 24th October 2026.
- Payment will be made through RTGS/NEFT/Direct Credit to beneficiaries appearing in the records of NSDL/CDSL as of the record date closure (8th October 2026).
- The bond will be extinguished upon payment, and all liabilities of the Bank towards bondholders will cease from the call option date.
Regulatory and Procedural Information
The call option exercise is in accordance with the terms of the Information Memorandum, which allows the Bank to exercise the call option after the instrument has run for at least 5 years. This action was communicated to the stock exchanges through reference letters: SD:441/442/11/12/2025-26 dated 14.01.2026, SD:264/265//11/12/2026-27 dated 15.09.2026, and SD:304/305/11/12/2026-27 dated 28.09.2026.
Investor Contact Information
For any queries, bondholders are directed to contact the Registrar and Transfer Agent:
KFin Technologies Limited
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E-mail: einward.ris@kfintech.com
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