Security Name: 8.78% Indian Bank 20 Jan 2025
ISIN:
INE428A08028
Taxable
Tax Category
20 Jan, 2025
Maturity Date
(16 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
20 Jan, 2015
Allotment Date
NA
Put Date
20 Jan, 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
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.78%
Coupon
Fixed Interest
Coupon Basis
NaN%
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
Indian Bank
Set up in 1907, Indian Bank is a medium-sized bank. Amalgamation of Allahabad Bank into Indian Bank was effective from April 1, 2020. Following the amalgamation, the merged entity enjoys the benefits of a larger balance sheet, optimized capital utilization and wider geographic reach leading to deeper penetration. Indian Bank has a strong domestic branch network comprising 5,754 branches and 4,998 ATMs & BNA.
The ratio in FY24 is 0.57x and in FY23 it was 0.74x, indicating slight decrease in the debt levels due to significant increase in profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.25x and in FY23 it was 1.21x, indicating issuers slightly increased ability to service its debt due to significant increase in profits in FY24.
Interest coverage ratio
Recent News
Indian Bank-Allahabad Bank Swap Ratio is 115:1000
Sep 03, 2024 | Indian Bank
Related Videos
Bank Bonds
Bank Bonds Unveiled: Navigating the Dynamics of Secure Investments
Lifecycle of a Bond
The journey through the various stages that define the lifespan of a bond.
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, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹NaN
Clean Price
%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE428A08028 |
|---|
| 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 |
|---|
| 8.78% Indian Bank 20 Jan 2025 |
| Credit Rating |
|---|
| AAA Stable by BWR AAA Stable by CARE AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.780000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 20/01/2025 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
|---|
| % |
| Year | Payment Date | Amount | Payout Type |
|---|
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.
