Kotak Mahindra Bank 7.60% Feb 2031 NCD (INE237A08981)

CRISIL AAA Unsecured NCD

Kotak Mahindra Bank Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

3 more bonds from Kotak Mahindra Bank Limited →

Current YTM

—

No market YTM available

Coupon Rate

7.60%

Per annum

Maturity Date

14 Feb 2031

4.3 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

—

No trade with a usable price on record

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

4.3 Years

Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Cashflow Timeline

14 Feb 2027

Interest Payment

₹7,600.00 / Bond

₹6,840.00 net of 10% TDS (est.)

14 Feb 2028

Interest Payment

₹7,600.00 / Bond

₹6,840.00 net of 10% TDS (est.)

14 Feb 2029

Interest Payment

₹7,600.00 / Bond

₹6,840.00 net of 10% TDS (est.)

14 Feb 2030

Interest Payment

₹7,600.00 / Bond

₹6,840.00 net of 10% TDS (est.)

14 Feb 2031

Final coupon + principal

₹1,07,600.00 / Bond

₹7,600.00 coupon + ₹1,00,000 face value

5 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

7.60%

YTM (Annual)

—

Credit Rating

AAA

(CRISIL) · rated 29 Feb 2024, 2 years ago

Over 15 months old; see below

Remaining Tenure

4.3 Years

AAA (CRISIL): Rated 29 Feb 2024 (2 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

3.35 Yrs

Macaulay Duration

3.61 Yrs

Issue Size

₹1,000 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

3.35 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

—

No recorded trades

Trades (30 Days)

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
No secondary-market trades recorded in the last 30 days.
Coupon is 2.60 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026

Issuer

Kotak Mahindra Bank Limited

Instrument Type

NCD

Issue Date

14 Feb 2024

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Kotak Mahindra Bank Limited issued Kotak Mahindra Bank 7.60% Feb 2031 NCD, an unsecured, rated NCD. It pays a 7.60% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
29 Feb 2024	CRISIL	AAA	—	Latest	BSE listing
2024	ICRA	AAA	—	NSDL record, 2024	NSDL debt master

Rating Action History

1 actions

Agency actions on Kotak Mahindra Bank Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-07-08	CRISIL	Update	—	—	View →

Issuer health card · ratings, payment record, defaults, trading, filings 2 items to look at →

Rating Actions on Kotak Mahindra Bank Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-07-08	CRISIL	Update	—	View →

Alert me about Kotak Mahindra Bank Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL, ICRA	2024-02-29
Rating Actions History	1	—	2026-07-08
Secondary-Market Trades	0	—	—
Reg52(4) Payment Disclosures	0	—	—

No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata

Source: BSE
Last Updated: 8 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions

What is the coupon rate on Kotak Mahindra Bank 7.60% Feb 2031 NCD?

Kotak Mahindra Bank 7.60% Feb 2031 NCD carries a coupon of 7.60%, paid annual, on a face value of ₹1,00,000.

When does Kotak Mahindra Bank 7.60% Feb 2031 NCD mature?

Kotak Mahindra Bank 7.60% Feb 2031 NCD matures on 14 Feb 2031, 4.3 years from today.

What is Kotak Mahindra Bank 7.60% Feb 2031 NCD rated?

Kotak Mahindra Bank 7.60% Feb 2031 NCD is rated AAA by CRISIL (rating dated 29 Feb 2024).

Is Kotak Mahindra Bank 7.60% Feb 2031 NCD secured?

Kotak Mahindra Bank 7.60% Feb 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Kotak Mahindra Bank 7.60% Feb 2031 NCD trade?

Kotak Mahindra Bank 7.60% Feb 2031 NCD is listed on BSE.

More Bonds from This Issuer

Kotak Mahindra Bank 7.63% Dec 2029 NCD

INE237A08957

AAA NSDL record, 2022

Coupon

7.63%

Maturity

01 Dec 2029

View Details

Kotak Mahindra Bank 7.85% Mar 2030 NCD

INE237A08965

AAA NSDL record, 2023

Coupon

7.85%

Maturity

20 Mar 2030

View Details

Kotak Mahindra Bank 7.55% Jun 2030 NCD

INE237A08973

AAA

Coupon

7.55%

Maturity

24 Jun 2030

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2031

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.60%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE134E08OF6	Power Finance Corporation Limited	AAA	7.60%	2031-09-08
INE848E08227	NHPC Limited	AAA NSDL record, 2023	7.59%	2030-02-20
INE115A07RI2	LIC Housing Finance Limited	AAA NSDL record, 2026	7.59%	2031-06-12
INE976I07CZ6	Tata Capital Limited	AAA NSDL record, 2025	7.62%	2030-04-08
INE377Y07664	Bajaj Housing Finance Limited	AAA	7.64%	2030-07-01
INE296A07TU1	Bajaj Finance Limited	AAA	7.55%	2031-02-20

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