Confirmation of payment of Interest on Debt Securities, Tier 2 Bonds Series III (ISIN-INE428A08051) on due date
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Indian Bank has confirmed timely payment of interest on its Basel III compliant Tier 2 Bonds Series III. The bond has an issue size of Rs. 1,000 crore, and the bank paid Rs. 81.50 crore (Rs. 81,50,00,000) as interest on the due date. The original due date of 25 January 2026 fell on a Sunday and 26 January was a public holiday, so the payment was made on the next business day, 27 January 2026, as per the offer document. This is a routine regulatory disclosure under SEBI LODR Regulation 57 to certify that the interest obligation has been met.
This is a routine, on-schedule debt servicing event and reflects positively on the bank's ability to meet its interest obligations on time. No material impact on shareholders or stock price is expected from this disclosure.