The South Indian Bank Limited — Important, 02-04-2025: Updates

The South Indian Bank has confirmed the timely payment of yearly interest on its SIB Bonds-2015, amounting to ₹30.69 crore. This payment was due on March 31, 2025, and was processed on April 2, 2025, as the original due date was not a business day. The bonds are Basel III compliant Tier 2 bonds with a coupon rate of 10.25% per annum. The record date for the interest payment was set for March 17, 2025, to ensure eligibility for the interest payment following banking business day protocols. This steady handling of interest payments reflects the bank's operational reliability. Investors should note this as a positive aspect, indicating the bank's commitment to meeting debt obligations.