Karnataka Bank Ltd. has released its half-yearly statement concerning debt securities issued on a private placement basis. As of March 31, 2026, the bank maintains ₹300.00 crore in outstanding debt securities. These securities, issued in March 2022 with a coupon rate of 10.70% p.a., include a call option exercisable after five years, subject to necessary approvals.
Debt Securities Overview
Karnataka Bank Ltd. has published the required disclosures for debt securities issued under private placement as of the half-year ended March 31, 2026. The statement provides transparency regarding the long-term borrowing instruments held by the bank.
Details of Outstanding Debt
The bank holds a single identified debt security series with an issue amount of ₹300.00 crore. Key specifications of this instrument include:
- Issuance Date: March 30, 2022
- Maturity Date: March 30, 2032
- Coupon Rate: 10.70% p.a.
- Payment Frequency: Annual interest payments
Call Option Provisions
The issued debt securities feature an embedded call option. This allows the bank to redeem the bonds after they have been active for at least five years from the date of allotment. Exercise of this option remains subject to obtaining prior approval from the Reserve Bank of India (RBI), ensuring the bank maintains flexibility in its capital management strategies while adhering to regulatory oversight.
Source: BSE
