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National Bank for Financing Infrastructure and Development — Bonds & AAA (CRISIL) Rating

Bank · Infrastructure

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
9 of 9 rated · CRISIL, 28 Jun 2026
Total Debt Outstanding
₹62,909 Cr
Across 16 instruments
Active Bonds
16
First Issue
16 Jun 2023
Latest Issue
17 Aug 2026
Maturity Range
2029 - 2044
Observation
16 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA
  • Rating range All current ratings are AAA (CRISIL 28 Jun 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Jun 2026
  • Payment record 1 payment disclosure since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 7 of 16 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

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01 Issuer Overview
Sector
Infrastructure
Issuer Type
Bank
First Tracked Bond
16 Jun 2023
Start of this issuer's debt program timeline
  • 16 active bonds tracked from this issuer.
  • 0 of 16 tracked bonds with a stated security status are secured. (based on 16 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 16 Jun 2026.

National Bank for Financing Infrastructure and Development is a bank or financial institution in the Infrastructure sector. Coupon rates on outstanding bonds range from 6.67% - 7.74%, paid annually. Bonds mature between 2029 - 2044.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
16
Tracked by RetailBonds
Amount Tracked
₹62,909 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.30%
Range 6.67% - 7.74%
Avg Remaining Tenure
9.1 Yrs
Nearest maturity Jul 2029
Secured
0%
0 of 16 bonds with known status
Callable
0
Of 16 bonds
Avg Spread vs G-Sec
+78 bps
Credit premium, from 7 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2029: 1 bond, ₹2,500 Cr tracked, avg coupon 7.37% 1 bond 2029 2030: 3 bonds, ₹5,229 Cr tracked, avg coupon 6.85% 3 bonds 2030 2033: 1 bond, ₹10,000 Cr tracked, avg coupon 7.43% 1 bond 2033 2034: 1 bond, ₹5,000 Cr tracked, avg coupon 7.43% 1 bond 2034 2035: 2 bonds, ₹7,240 Cr tracked, avg coupon 7.10% 2 bonds 2035 2036: 3 bonds, ₹9,054 Cr tracked, avg coupon 7.62% 3 bonds 2036 2038: 1 bond, ₹9,516 Cr tracked, avg coupon 7.65% 1 bond 2038 2040: 2 bonds, ₹7,460 Cr tracked, avg coupon 7.20% 2 bonds 2040 2041: 1 bond, ₹3,000 Cr tracked, avg coupon 7.54% 1 bond 2041 2042+: 1 bond, ₹3,911 Cr tracked, avg coupon 7.36% 1 bond 2042+

Security Type / Instrument Mix

  • NCD 16 bonds · 100% · ₹62,909 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹19,516 Cr issued 2023 2024: ₹8,911 Cr issued 2024 2025: ₹19,929 Cr issued 2025 2026: ₹14,554 Cr issued 2026 Cumulative: ₹19,516 Cr Cumulative: ₹28,427 Cr Cumulative: ₹48,356 Cr Cumulative: ₹62,909 Cr

Based on 16 of 16 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 15 bonds · 94%
  • Unrated 1 bond · 6%
AgencyRatingOutlookBonds
CRISIL AAA — 9
CRISIL AAA NSDL record — 6

Recent Rating Actions

16 Jun 2026 · CRISIL
AAA
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0KUG08142 National Bank for Financing Infrastructure and Development 7.37% Jul 2029 NCD 7.37% AAA (CRISIL) 2029-07-16 — 2026-09-17
INE0KUG08076 National Bank for Financing Infrastructure and Development 7.03% Apr 2030 NCD 7.03% AAA (CRISIL) 2030-04-08 8.10% 2026-10-14
INE0KUG08092 National Bank for Financing Infrastructure and Development 6.67% May 2030 NCD 6.67% AAA (CRISIL) 2030-05-30 — —
INE0KUG08100 National Bank for Financing Infrastructure and Development 6.86% Nov 2030 NCD 6.86% AAA (CRISIL) 2030-11-13 — 2026-10-05
INE0KUG08019 National Bank for Financing Infrastructure and Development 7.43% Jun 2033 NCD 7.43% AAA (CRISIL, NSDL record 2023) 2033-06-16 — —
INE0KUG08035 National Bank for Financing Infrastructure and Development 7.43% Jul 2034 NCD 7.43% AAA (CRISIL, NSDL record 2024) 2034-07-04 — —
INE0KUG08068 National Bank for Financing Infrastructure and Development 7.15% Mar 2035 NCD 7.15% AAA (CRISIL, NSDL record 2025) 2035-03-28 — 2026-08-04
INE0KUG08084 National Bank for Financing Infrastructure and Development 7.04% Apr 2035 NCD 7.04% AAA (CRISIL, NSDL record 2025) 2035-04-07 8.10% 2026-10-22
INE0KUG08126 National Bank for Financing Infrastructure and Development 7.45% Feb 2036 NCD 7.45% AAA (CRISIL, NSDL record 2026) 2036-02-12 — —
INE0KUG08134 National Bank for Financing Infrastructure and Development 7.74% May 2036 NCD 7.74% AAA (CRISIL) 2036-05-14 7.83% 2026-10-29
INE0KUG08159 National Bank for Financing Infrastructure and Development 7.66% Jun 2036 NCD 7.66% AAA (CRISIL, NSDL record 2026) 2036-06-16 7.90% 2026-11-06
INE0KUG08027 National Bank for Financing Infrastructure and Development 7.65% Dec 2038 NCD 7.65% AAA (CRISIL) 2038-12-22 8.17% 2026-10-21
INE0KUG08050 National Bank for Financing Infrastructure and Development 7.25% Feb 2040 NCD 7.25% AAA (CRISIL) 2040-02-03 — 2026-07-29
INE0KUG08118 National Bank for Financing Infrastructure and Development 7.15% Nov 2040 NCD 7.15% AAA (CRISIL) 2040-11-13 8.30% 2026-10-29
INE0KUG08167 National Bank for Financing Infrastructure and Development 7.54% Aug 2041 NCD 7.54% — 2041-08-19 7.75% 2026-10-21
INE0KUG08043 National Bank for Financing Infrastructure and Development 7.36% Aug 2044 NCD 7.36% AAA (CRISIL) 2044-08-12 — 2026-07-31
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
20
Avg. Yield (Last 30 Days)
7.89%
06 Payment Disclosures (SEBI Reg52(4)) 1 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
13 Aug 2026 7.36% UNSECURED RATED LISTED... Interest ₹2,87,83,00,000.00 ₹2,87,83,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 15 2026-06-28
Rating Actions History 1 2026-06-16
Secondary-Market Trades 64 2026-11-06
Reg52(4) Payment Disclosures 1 2026-08-13

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does National Bank for Financing Infrastructure and Development have?

National Bank for Financing Infrastructure and Development currently has 16 active bonds with coupons of 6.67% - 7.74%, maturities spanning 2029 - 2044.

What is National Bank for Financing Infrastructure and Development's credit rating?

The most common current rating on National Bank for Financing Infrastructure and Development's senior bonds is AAA (CRISIL). Ratings on file come from CRISIL.

Are National Bank for Financing Infrastructure and Development's bonds secured?

Of the 16 bonds with a disclosed security status, 0 are secured (0%) and 16 are unsecured.

When do National Bank for Financing Infrastructure and Development's bonds mature?

National Bank for Financing Infrastructure and Development's active bonds mature between 2029 - 2044; the nearest matures in Jul 2029; the average tenure is 9.1 Yrs.

What is the average coupon on National Bank for Financing Infrastructure and Development's bonds?

The average coupon across National Bank for Financing Infrastructure and Development's 16 active bonds is 7.30%.

Disclaimer: This page aggregates publicly available data about National Bank for Financing Infrastructure and Development for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.