The South Indian Bank Limited — Important, 28-11-2024: Updates

The South Indian Bank Ltd. confirms the timely payment of half-yearly interest on its Basel III compliant Tier 2 Bonds issued in 2017. The issue size amounts to ₹490 crore, with an interest payment of ₹23.4 crore made on schedule, to eligible bondholders. The record date for this payment was set for November 13, 2024, and the actual interest payment occurred on November 28, 2024. No changes to payment frequency were noted, and there have been no delays in disbursement. This regular interest payment reinforces the bank's commitment to its bondholders and demonstrates effective cash flow management. Shareholders should view this as a stabilizing factor in the bank's financial operations.