Karnataka Bank has announced the Record Date for the upcoming annual interest payment on its outstanding Tier II Bonds, Series VII (ISIN: INE614B08054). The established Record Date is March 13, 2026. This date will determine which bondholders are eligible to receive the interest payment due on March 30, 2026. The bonds carry a fixed coupon rate of 10.70% per annum.
Interest Payment Announcement for Tier II Bonds
Karnataka Bank Ltd. has issued a formal notice regarding the payment of annual interest pertaining to its Series VII Tier II Bonds. This intimation is made to facilitate the due process for interest disbursement to eligible security holders.
Key Bond Interest Details
The following table outlines the critical dates and financial parameters for the upcoming interest payment:
| Series | ISIN | Coupon Rate (% p.a.) | Interest Payment Date | Record Date |
| VII | INE614B08054 | 10.70 | March 30, 2026 | March 13, 2026 |
Principal and Interest Calculation
The bonds were originally issued on March 30, 2022. For the principal amount of ₹300.00 Crores, the annual interest payable calculates to ₹32.10 Crores. The Record Date of March 13, 2026 is definitive for establishing the list of shareholders entitled to receive this interest payment scheduled for March 30, 2026.
Source: BSE
