Security Name: 9.75% SBM Bank (India) Limited 05 Apr 2032
ISIN: INE07PX08019
Taxable
Tax Category
05 Apr, 2027
Call Date
(1 Yr 7 Mo 4 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
14 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
9.75%
Coupon
Fixed Interest
Coupon Basis
9.7189%
Current Yield
22 Mar, 2025
Record Date
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
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.
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.
Interest coverage ratio
Recent News
SBM Bank India selects Jocata to enhance lending experience
Mar 27, 2024 | SBM Bank (India) Limited
SBM Bank India reports standalone net loss of Rs 19.58 crore in the December 2023 quarter
Apr 09, 2024 | SBM Bank (India) Limited
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
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, download the Information Memorandum.
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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Total Investment
| 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 |
|---|
| Sep 01,2025 |
| Principal Amount |
|---|
| ₹1,00,32,010 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹10 |
| Total Amount Payable |
|---|
| ₹1,00,32,020 |
| Price |
|---|
| ₹100.3201 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout 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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