9.75%SBM Bank (India) Limited 05 Apr 2032
ISIN:
INE07PX08019
Taxable
Tax Category
05 Apr, 2027
Call Date
(2 Yr 8 Mo 7 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
05 Apr, 2022
Allotment Date
NA
Put Date
05 Apr, 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
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
SBM Bank (India) Limited
SBM Bank (India) Ltd. commenced operations on 1st December 2018 as the 1st universal bank in the country to receive a banking license from the RBI through the Wholly Owned Subsidiary route. We have a network of 11 branches spread across the country, is headquartered in Mumbai and has 350+ employees. Bank caters to its customers across India – comprising retail customers, MSMEs, NRIs as well as large corporates and institutions.
The ratio in FY23 is 3.6x and it was 1.1x in FY22, indicating an increased debt level due to increase in borrowings.
Debt/EBITDA
The ratio in FY23 is 1.04x and it was 1.6x in FY22, indicating decrease in issuers debt servicing ability, due to increase in finance costs and increase in borrowings.
Interest coverage ratio
Recent News
State Bank of Mauritius’ subsidiary SBM Bank India appoints Ashish Vijayakar as MD & CEO
Mar 27, 2024 | SBM Bank (India) Limited
SBM Bank India selects Jocata to enhance lending experience
Mar 27, 2024 | SBM Bank (India) 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.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹100.0166
Price
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Yield
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BOND VALUE DETAILS
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