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Small Industries Development Bank of India — Bonds & AAA (CRISIL) Rating

Bank · Manufacturing

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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
₹1,22,497 Cr
Across 25 instruments
Active Bonds
25
First Issue
22 May 2023
Latest Issue
16 Oct 2026
Maturity Range
2027 - 2031
Observation
25 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 6 Oct 2026 New rating assigned to AAA CRISIL
  • 16 Sep 2026 New rating assigned to AAA CRISIL
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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 6 Oct 2026
  • Payment record 13 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 21 of 25 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

Alert me about Small Industries Development Bank of India 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.
01 Issuer Overview
Sector
Manufacturing
Issuer Type
Bank
First Tracked Bond
22 May 2023
Start of this issuer's debt program timeline
  • 25 active bonds tracked from this issuer.
  • 0 of 24 tracked bonds with a stated security status are secured. (based on 24 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 6 Oct 2026.

Operating in the Manufacturing sector, Small Industries Development Bank of India is classified as a bank or financial institution. Bond coupons here span 6.66% - 8.05%, paid annually. The maturity ladder spans 2027 - 2031.

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
25
Tracked by RetailBonds
Amount Tracked
₹1,22,497 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 24 of 25 bonds)
Avg Coupon
7.48%
Range 6.66% - 8.05%
Avg Remaining Tenure
2.1 Yrs
Nearest maturity Apr 2027
Secured
0%
0 of 24 bonds with known status
Callable
0
Of 25 bonds
Avg Spread vs G-Sec
+110 bps
Credit premium, from 21 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (13 bonds).

0 2027: 6 bonds, ₹21,836 Cr tracked, avg coupon 7.73% 6 bonds 2027 2028: 4 bonds, ₹21,653 Cr tracked, avg coupon 7.36% 4 bonds 2028 2029: 13 bonds, ₹67,008 Cr tracked, avg coupon 7.40% 13 bonds 2029 2030: 1 bond, ₹6,000 Cr tracked, avg coupon 7.39% 1 bond 2030 2031: 1 bond, ₹6,000 Cr tracked, avg coupon 7.40% 1 bond 2031

Security Type / Instrument Mix

  • NCD 25 bonds · 100% · ₹1,22,497 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹11,922 Cr issued 2023 2024: ₹42,341 Cr issued 2024 2025: ₹28,454 Cr issued 2025 2026: ₹39,780 Cr issued 2026 Cumulative: ₹11,922 Cr Cumulative: ₹54,264 Cr Cumulative: ₹82,717 Cr Cumulative: ₹1,22,497 Cr

Based on 24 of 25 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 22 bonds · 88%
  • Unrated 3 bonds · 12%
AgencyRatingOutlookBonds
CRISIL AAA — 9
CRISIL AAA NSDL record — 10
CARE AAA NSDL record — 3

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AAA on 2026-09-16 CRISIL: AAA on 2026-10-06
Sep 26 — Oct 26 CRISIL

Recent Rating Actions

6 Oct 2026 · CRISIL
AAA
Initial · Stable
16 Sep 2026 · CRISIL
AAA
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE556F08KK5 Small Industries Development Bank of India 7.79% Apr 2027 NCD 7.79% AAA (CRISIL, NSDL record 2023) 2027-04-19 8.08% 2026-11-05
INE556F08KM1 Small Industries Development Bank of India 7.79% May 2027 NCD 7.79% AAA (CRISIL, NSDL record 2023) 2027-05-14 8.13% 2026-11-06
INE556F08KN9 Small Industries Development Bank of India 7.75% Jun 2027 NCD 7.75% AAA (CARE, NSDL record 2023) 2027-06-10 8.25% 2026-11-04
INE556F08KO7 Small Industries Development Bank of India 7.68% Jul 2027 NCD 7.68% AAA (CRISIL, NSDL record 2024) 2027-07-09 — 2026-10-07
INE556F08KP4 Small Industries Development Bank of India 7.68% Aug 2027 NCD 7.68% AAA (CARE, NSDL record 2024) 2027-08-10 7.49% 2026-11-05
INE556F08KQ2 Small Industries Development Bank of India 7.68% Sep 2027 NCD 7.68% AAA (CRISIL, NSDL record 2024) 2027-09-10 7.86% 2026-10-15
INE556F08KT6 Small Industries Development Bank of India 7.44% Apr 2028 NCD 7.44% AAA (CRISIL, NSDL record 2024) 2028-04-10 8.29% 2026-10-30
INE556F08KU4 Small Industries Development Bank of India 7.51% Jun 2028 NCD 7.51% AAA (CRISIL) 2028-06-12 7.95% 2026-10-13
INE556F08KZ3 Small Industries Development Bank of India 6.66% Oct 2028 NCD 6.66% AAA (CRISIL) 2028-10-25 8.33% 2026-11-03
INE556F08KL3 Small Industries Development Bank of India 7.83% Nov 2028 NCD 7.83% AAA (CARE, NSDL record 2023) 2028-11-24 8.45% 2026-10-27
INE556F08LA4 Small Industries Development Bank of India 6.74% Jan 2029 NCD 6.74% AAA (CRISIL) 2029-01-10 8.27% 2026-11-03
INE556F08LB2 Small Industries Development Bank of India 7.04% Feb 2029 NCD 7.04% AAA (CRISIL, NSDL record 2025) 2029-02-09 8.30% 2026-10-30
INE556F08KS8 Small Industries Development Bank of India 7.34% Feb 2029 NCD 7.34% AAA (CRISIL, NSDL record 2024) 2029-02-26 8.37% 2026-10-29
INE556F08KW0 Small Industries Development Bank of India 7.42% Mar 2029 NCD 7.42% AAA (CRISIL) 2029-03-12 7.95% 2026-11-05
INE556F08LC0 Small Industries Development Bank of India 7.22% Apr 2029 NCD 7.22% AAA (CRISIL) 2029-04-10 — 2026-09-16
INE556F08KV2 Small Industries Development Bank of India 7.48% May 2029 NCD 7.48% AAA (CRISIL) 2029-05-24 — 2026-09-03
INE556F08LE6 Small Industries Development Bank of India Jun 2029 NCD — AAA (CRISIL, NSDL record 2026) 2029-06-04 — 2026-08-10
INE556F08KX8 Small Industries Development Bank of India 7.49% Jun 2029 NCD 7.49% AAA (CRISIL) 2029-06-11 8.11% 2026-10-15
INE556F08LD8 Small Industries Development Bank of India 7.61% Aug 2029 NCD 7.61% AAA (CRISIL) 2029-08-10 7.78% 2026-10-29
INE556F08KR0 Small Industries Development Bank of India 7.47% Sep 2029 NCD 7.47% AAA (CRISIL, NSDL record 2024) 2029-09-05 8.02% 2026-11-06
INE556F08LH9 Small Industries Development Bank of India 7.70% Oct 2029 NCD 7.70% — 2029-10-10 8.03% 2026-11-06
INE556F08LG1 Small Industries Development Bank of India 7.29% Nov 2029 NCD 7.29% — 2029-11-09 8.13% 2026-10-16
INE556F08LI7 Small Industries Development Bank of India 8.05% Dec 2029 NCD 8.05% — 2029-12-10 8.06% 2026-10-23
INE556F08KY6 Small Industries Development Bank of India 7.39% Mar 2030 NCD 7.39% AAA (CRISIL, NSDL record 2025) 2030-03-21 7.97% 2026-10-08
INE556F08LF3 Small Industries Development Bank of India 7.40% Jun 2031 NCD 7.40% AAA (CRISIL) 2031-06-18 8.00% 2026-11-06
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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)
75
Avg. Yield (Last 30 Days)
8.11%
06 Payment Disclosures (SEBI Reg52(4)) 7 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
26 Oct 2026 7.44% UNSECURED RATED LISTED... Interest ₹4,40,62,00,000.00 ₹4,40,62,00,000.00 Paid XBRL →
19 Oct 2026 7.79% UNSECURED RATED LISTED... Interest ₹2,35,44,00,000.00 ₹2,35,44,00,000.00 Paid XBRL →
12 Oct 2026 7.7% UNSECURED RATED LISTED... Interest ₹45,97,00,000.00 ₹45,97,00,000.00 Paid XBRL →
28 Sep 2026 7.34% UNSECURED RATED LISTED... Interest ₹5,87,20,00,000.00 ₹5,87,20,00,000.00 Paid XBRL →
7 Sep 2026 7.47% UNSECURED RATED LISTED... Interest ₹3,73,50,00,000.00 ₹3,73,50,00,000.00 Paid XBRL →
10 Aug 2026 7.61% UNSECURED RATED LISTED... Interest ₹64,33,00,000.00 ₹64,33,00,000.00 Paid XBRL →
27 Jul 2026 6.66% UNSECURED RATED LISTED... Interest ₹3,94,64,00,000.00 ₹3,94,64,00,000.00 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) 22 2026-06-28
Rating Actions History 2 2026-10-06
Secondary-Market Trades 258 2026-11-06
Reg52(4) Payment Disclosures 7 2026-10-26

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

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Frequently Asked Questions
How many active bonds does Small Industries Development Bank of India have?

Small Industries Development Bank of India currently has 25 active bonds with coupons of 6.66% - 8.05%, maturities spanning 2027 - 2031.

What is Small Industries Development Bank of India's credit rating?

The most common current rating on Small Industries Development Bank of India's senior bonds is AAA (CRISIL). Ratings on file come from CRISIL.

Are Small Industries Development Bank of India's bonds secured?

Of the 24 bonds with a disclosed security status, 0 are secured (0%) and 24 are unsecured.

When do Small Industries Development Bank of India's bonds mature?

Small Industries Development Bank of India's active bonds mature between 2027 - 2031; the nearest matures in Apr 2027; the average tenure is 2.1 Yrs.

What is the average coupon on Small Industries Development Bank of India's bonds?

The average coupon across Small Industries Development Bank of India's 25 active bonds is 7.48%.

Disclaimer: This page aggregates publicly available data about Small Industries Development Bank of India 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.