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The Karnataka Bank LimitedImportant, 31-03-2025: Updates

31-03-2025 · 01:59 pm

Karnataka Bank Ltd. has confirmed the timely payment of annual interest on its Subordinated Debt Instruments (Tier 2 Bonds), Series VII (ISIN: INE614B08054). The total issue size of these bonds is ₹300.00 crore, with an interest payment amounting to ₹32.10 crore scheduled for payment. Although the due date for the interest payment was March 30, 2025, the actual payment was made on March 31, 2025, due to the anniversary date falling on a non-business day. This consistent fulfillment of payment obligations highlights the bank's operational stability and commitment to its debt holders, reflecting a positive outlook for investors concerned about financial governance.

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