Security Name: 11.00% Utkarsh Small Finance Bank Limited 28 Jun 2031
ISIN:
INE735W08053
Taxable
Tax Category
28 Jun, 2029
Call Date
(4 Yr 4 Mo 2 D to call)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
28 Jun, 2024
Allotment Date
NA
Put Date
28 Mar, 2025
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
₹NaN
Dirty Price
11%
Coupon
Fixed Interest
Coupon Basis
10.6722%
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
Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited incorporated on April 30, 2016, is engaged in providing banking and financial services with a focus on providing microfinance to the underserved and unserved sections of the country. The Bank’s lending activities are primarily focused in rural and semi-urban locations of the country while its other services are spread across the country. The Bank commenced its operations on January 23, 2017, pursuant to the small finance banking licence granted by RBI on November 25, 2016. The Bank offers a slew of digital services such as Internet and Mobile Banking, Digi On-Boarding, and an online account opening facility for clients, besides a range of ATMs and Micro ATMs for ease of transactions, amongst others.
The ratio in FY24 is 1.11x and it was 1.70x in FY23, indicating decrease in the debt level due to decrease in the borrowings and increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.38x and it was 1.41x in FY23 indicating slight decrease in the debt servicing ability of the issuer due to increase in Interest on deposits which increase overall finance cost of the issuer FY24.
Interest coverage ratio
Recent News
Utkarsh SFB shares up 2% after RBI nod for Mirae Asset MF to increase stake
Jul 12, 2024 | Utkarsh Small Finance Bank Limited
RBI approves reappointment of Govind Singh as MD and CEO of Utkarsh Small Finance Bank
Jul 08, 2024 | Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank standalone net profit declines 55.09% in the September 2024 quarter
Nov 11, 2024 | Utkarsh Small Finance Bank Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE735W08053 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 11.00% Utkarsh Small Finance Bank Limited 28 Jun 2031 |
| Credit Rating |
|---|
| A+ /Stable by ICRA |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.000000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 28/06/2029 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,03,071.3 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,03,071.3 |
| Price |
|---|
| ₹103.0713 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
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