Indian Overseas Bank has informed the Exchange regarding 'Payment of Annual Interest on Basel III Tier II Bonds'.
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Indian Overseas Bank has paid the annual interest on its Basel III Tier II Bonds (Series III, ISIN: INE565A08035) on the due date of 24 September 2025. The interest amount of ₹45,40,10,000 (approximately ₹45.40 crore) was paid on a bond issue of ₹500 crore. This was an annual interest payment, in line with the scheduled frequency, with the last payment made on 24 September 2024. The disclosure is filed under SEBI Regulation 57 to keep exchanges informed of the timely payment.
This is a routine regulatory disclosure confirming on-time interest payment on existing bonds. It signals financial discipline and timely servicing of debt obligations, but has no material impact on the stock price or shareholder value. Bondholders receive their scheduled interest as expected.