Corporate Action25 Sept 2026, 12:02 pm
SBI Revises Interest Payment Date for Bonds ISIN INE062A08397
AI Summary
State Bank of India (SBI) has revised the interest payment date for its bonds with ISIN INE062A08397. Originally scheduled for September 26, 2026, the payment was moved to September 28, 2026, due to the 4th Saturday and Sunday holidays. However, following a Ministry of Finance directive for public sector banks to operate on Sunday, September 27, 2026, the interest payment date has been further revised to September 27, 2026. This aligns with the bond's term sheet, which states that if a coupon payment date falls on a non-working day, payment is made on the immediately succeeding working day.
Key Highlights
- Interest payment date for SBI Bonds ISIN INE062A08397 revised.
- Initial payment date shifted due to weekend holidays.
- New payment date is September 27, 2026, a declared working Sunday.
- Revision follows Ministry of Finance directive for banks to operate on Sunday.
Price Impact
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