215,540.98

ISIN: INE614B08039

Coupon: 12.00%

Price: 108

YTM: 10.47% YTC: 8.86%

Call Date: 16 Nov 2023

Interest Frequency: Annual

Interest Date: 16 Nov

Face Value: INR 100,000.00

Category:

 

Issuer Name The Karnataka Bank Limited
 
Issuer Description Karnataka Bank Limited, a leading ‘A’ Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, we now have a national presence with a network of 845 branches spread across 22 states and 2 Union Territories. Managed by a dedicated & professional management team, we have over 8,220 employees, 1,46,000 shareholders and over 10.21 million customers. Today, we have emerged as a leading financial service institution in India.
 
Issuer Website https://karnatakabank.com/
 
Issuer Financials https://karnatakabank.com/investor-portal/annual-report
 
Instrument Type Unsecured
 
Price [Payable Amount is 100,000 * Price / 100] + [Accrued Interest of number of days since last Interest Payment Date]
 
Order Type Multiples of INR 200,000.00 only
 
Issuer Rating A(HYB) by ICRA and CARE
 
Download Information Memorandum
 
Note: As per the latest notification from the Ministry of Finance, a stamp duty of 0.0001% will be applicable on all bond transactions with effect from 1st April 2020.