Updates on exercise of Call Option on Bank''s outstanding Tier 2 Bonds Series V (ISIN-INE562A08081) aggregating to Rs.2000 crore on first Call Option due date-Receipt of requisite prior ....
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Indian Bank has received the Reserve Bank of India's prior approval to exercise the Call Option on its Tier 2 Bonds Series V (ISIN: INE562A08081) worth Rs.2,000 crore. The bank will exercise this call option on the first Call Option due date of January 13, 2026. This means the bank will repay these Tier 2 bonds on the call date instead of waiting for the full maturity. This is a regulatory requirement — banks need RBI permission before calling back Tier 2 capital instruments. The move is part of the bank's planned capital management exercise.
The bank will reduce its outstanding Tier 2 debt by Rs.2,000 crore after January 13, 2026. For shareholders, this is a routine capital management step; it lowers future interest expenses but also reduces Tier 2 capital, which the bank will need to manage within RBI's capital adequacy norms.