Indian Overseas Bank (IOB) has issued a security cover certificate in compliance with regulatory requirements for the quarter ended September 30, 2025. The certificate confirms the asset cover for outstanding debt securities. As of September 30, 2025, the total amount outstanding is ₹2165.00 crore. The audit confirms compliance with covenants related to unsecured bonds issued on a private placement basis.
Security Cover Certificate Details
Indian Overseas Bank (IOB) has released its Security Cover Certificate as per SEBI (LODR) Regulations for Q2 2025 (July-September). The certificate, dated October 16, 2025, confirms the bank’s asset coverage for its listed debt securities. All outstanding listed non-convertible debt securities issued by the bank are unsecured.
Outstanding Debt Securities
As of September 30, 2025, the following unsecured debt securities were outstanding:
- INE565A08035 (Private Placement): ₹500.00 crore
- INE565A08043 (Private Placement): ₹665.00 crore
- INE565A08050 (Private Placement): ₹1,000.00 crore
The total outstanding amount for these securities is ₹2165.00 crore.
Auditor’s Opinion
The auditor, R. Devendra Kumar & Associates, has verified the data related to Security Cover as of September 30, 2025, extracted from the bank’s books of accounts. The audit confirms that IOB has complied with the covenants of the Information Memorandum in respect of unsecured Bonds issued on a Private Placement basis during the period April 1, 2025, to September 30, 2025.
Credit Ratings
The credit ratings for Indian Overseas Bank are as follows:
- CRISIL: CRISIL AA/Stable (June 27, 2025)
- India Ratings: AA/Stable (January 17, 2025)
- CARE: CARE AA/Stable (August 5, 2025)
- ICRA: ICRA AA/Stable (November 27, 2024)
Source: BSE