13.75%The South Indian Bank Limited (P) Call : 24 Jan 2025
ISIN:
INE683A08051
Taxable
Tax Category
24 Jan, 2025
Call Date
(5 Mo 27 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
24 Jan, 2020
Allotment Date
NA
Put Date
24 Jan, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Year
Payment Schedule(Date)
Interest Payout(₹)
*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 South Indian Bank Limited
Established in 1929, The South Indian Bank Limited (SIBL) was the first ‘scheduled bank’ amongst the private banks in Kerala. SIBL has no identifiable promoter and the shareholding pattern is well diversified. SIBL has a strong presence in South India and particularly in Kerala. As on March 31, 2021, SIBL had a network of 884 branches and 1,315 ATMs spread across the country.
The ratio in FY24 is 0.57x and it was 1.31x in FY23, indicating decrease in debt level due to significant decrease in the borrowings of the issuer in FY24..
Debt/EBITDA
The ratio in FY24 is 1.29x and it was 1.26x in FY23, indicating increased debt servicing ability of the issuer due to increase in profits and decrease in finance cost.
Interest coverage ratio
Recent News
South Indian Bank shares surge 10% as board approves terms of rights issue
Mar 27, 2024 | The South Indian Bank Limited
Federal Bank, South Indian Bank announce measures on co-branded credit cards
Mar 27, 2024 | The South Indian 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
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To know more about the Bond and the issuer, download the Information Memorandum.
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₹102.45
Price
8.0677%
Yield
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Total Investment
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