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13.75%The South Indian Bank Limited (P) Call : 24 Jan 2025

ISIN:
INE683A08051
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Taxable

Tax Category

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24 Jan, 2025

Call Date
(7 Mo 11 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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24 Jan, 2020

Allotment Date

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NA

Put Date

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24 Jan, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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Yes

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
A / Stable
IND
Tier 1

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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 FY23 is 1.4x and it was 0.75x in FY22, indicating increased debt levels due to significant increase in borrowings.

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Debt/EBITDA

The ratio in FY23 is 1.2x and it was 1.0x in FY22, indicating increased debt servicing ability of the issuer due to increase in profits.

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Interest coverage ratio

Recent News
News Thumbnail
South Indian Bank shares surge 10% as board approves terms of rights issue

Mar 27, 2024 | The South Indian Bank Limited

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Federal Bank, South Indian Bank announce measures on co-branded credit cards

Mar 27, 2024 | The South Indian Bank Limited

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Information required for KYC
PAN Card
Bank Account Proof
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
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