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Security Name: 9.75% SBM Bank (India) Limited 05 Apr 2032

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ISIN:
INE07PX08019
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Taxable

Tax Category

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05 Apr, 2027

Call Date
(1 Yr 7 Mo 27 D to call)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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05 Apr, 2022

Allotment Date

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NA

Put Date

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05 Apr, 2025

Next Interest Payment Date

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14 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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No

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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₹NaN

Dirty Price

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9.75%

Coupon

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Fixed Interest

Coupon Basis

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9.7184%

Current Yield

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22 Mar, 2025

Record Date

YOUR EARNING

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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
A / Stable
ICRA
A+ / Negative
CARE
Tier 2

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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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 FY24 is 1.50x and it was 3.60x in FY23, indicating an decrease in debt level due to significant decrease in the borrowings in FY24.

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Debt/EBITDA

The ratio in FY24 is 0.92x and it was 1.05x in FY23, indicating decrease in issuers debt servicing ability, due to incurred losses in FY24 and increase in interest on deposits and others ,which resulted in overall increase in the finance cost in FY24.

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Interest coverage ratio

Recent News
News Thumbnail
SBM Bank India selects Jocata to enhance lending experience

Mar 27, 2024 | SBM Bank (India) Limited

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SBM Bank India reports standalone net loss of Rs 19.58 crore in the December 2023 quarter

Apr 09, 2024 | SBM Bank (India) Limited

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Neobanking Startup Jupiter Explores Stake In SBM Bank India

Sep 30, 2024 | SBM Bank (India) Limited

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STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Cashflow for INE07PX08019
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
9.75% SBM Bank (India) Limited 05 Apr 2032
Credit Rating
A / Stable by ICRA
A+ / Negative by CARE
Coupon Frequency
Yearly
Face Value
₹1,00,00,000
Coupon
9.750000%
YTM or YTC
YTC
Call Date
05/04/2027
Security
Unsecured Subordinated Tier 2
No. of Bonds
1
Settlement Date
Aug 08,2025
Principal Amount
₹1,00,32,520
Accrued Interest
₹0
Stamp Duty
₹10
Total Amount Payable
₹1,00,32,530
Price
₹100.3252
Yield
0%
YearPayment DateAmountAmount after TDSPayout 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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