Kotak Mahindra Bank has confirmed the successful payment of interest due on its 7.85% Senior Rated Listed Unsecured Redeemable Long Term Bonds (NCDs of ₹1 lakh each). The interest payment was executed on the due date, March 20, 2026, totaling ₹23.55 crore. This action complies with necessary corporate disclosures, and the details are annexed for regulatory record-keeping, confirming the servicing of this long-term debt instrument.
Confirmation of Bond Interest Servicing
Kotak Mahindra Bank Limited has formally notified the stock exchanges regarding the scheduled interest payment for its outstanding 7.85% Senior Rated Listed Unsecured Redeemable Long Term Bonds. These instruments are structured as Non-Convertible Debentures with a face value of ₹1 lakh per unit.
Key Interest Payment Details
The payment confirmation highlights the adherence to the declared schedule:
- ISIN: INE237A08965
- Interest Rate: 7.85% p.a.
- Due Date for Interest: March 20, 2026
- Actual Date of Payment: March 20, 2026
- Total Interest Paid: ₹23.55 crore
- Frequency of Payment: Annually
Debt Instrument Context
The total Issue Size (in Rs.) for these bonds stands at ₹3,00,00,00,000. The record date for determining eligible bondholders was set as March 05, 2026, with the last preceding interest payment having occurred on March 20, 2025. Since the actual date of payment matched the due date, there were No Delays (NA) reported for this obligation.
Regulatory Compliance
This disclosure serves as the required confirmation under prevailing listing regulations. Furthermore, in compliance with the requirements, a detailed annexure (Annexure A) confirming the payment specifics, including the redemption details (which are listed as Not Applicable for this specific interest cycle), is provided for comprehensive regulatory review.
Source: BSE
