Security Name: 10.70% The Karnataka Bank Limited 30 Mar 2032
ISIN:
INE614B08054
Taxable
Tax Category
30 Mar, 2027
Call Date
(1 Yr 10 Mo 30 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
30 Mar, 2022
Allotment Date
NA
Put Date
30 Mar, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
10.7%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
The Karnataka Bank Limited
KBL is a mid-sized old private bank with a market share of 0.5% in advances as on December 31, 2021 in the Indian banking sector. With an asset size of Rs. 90,958 crores as on December 31, 2021, the bank commenced operations in 1924 in Mangalore. It had a network of 859 branches and 915 ATM outlets as on December 31, 2021 with ~79% of its total branches located in South India, indicating a geographically concentrated presence.
The ratio in FY24 is 0.70x as compared to 0.30x in FY23. It indicates that the company’s debt level is increasing due to increase in borrowings in FY24.
Debt/EBITDA
The ratio in FY24 is 1.26x and it was 1.29x in FY23, indicating an decrease in the company’s ability to service its debt due to increase in Interest on deposits which led to overall increase in the finance cost .
Interest coverage ratio
Recent News
Karnataka Bank to raise up to ₹600 cr through QIP
Apr 06, 2024 | The Karnataka Bank Limited
Karnataka Bank approves Rs 600 crore QIP share allotment
Apr 06, 2024 | The Karnataka Bank Limited
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PAN Card
Bank Account Proof
Aadhaar Card
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Total Investment
| Cashflow for INE614B08054 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 10.70% The Karnataka Bank Limited 30 Mar 2032 |
| Credit Rating |
|---|
| A+ / Positive by ICRA |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,00,00,000 |
| Coupon |
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| 10.700000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 30/03/2027 |
| Security |
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| Unsecured Subordinated Tier 2 |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
