Mumbai, Nov. 27 -- The bank will issue 5,00,000 fully paid, senior, rated, listed, unsecured, taxable, redeemable, long term NCDs (series - 9) with a face value of Rs 1 lakh. The debentures carry a coupon rate of 7.27% per annum, payable annually, and will mature on 26 November 2035.

The NCDs are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India.

The NCDs are rated "CRISIL AAA/Stable" by CRISIL Ratings, "[ICRA]AAA/Stable" by ICRA, and "Ind AAA/Stable" by India Ratings & Research.

Meanwhile, the bank appointed Anand Viswanathan as chief risk officer (CRO) for a period of 3 years with effect from January 1, 2026 up to December 31, 2028. He will succeed Amit Talgeri who will step down on complet...