Loan & Debt15 Sept 2026, 05:00 pm
Canara Bank Gets RBI Nod to Exercise Call Option on AT1 Bonds
AI Summary
Canara Bank has received approval from the Reserve Bank of India (RBI) to exercise the call option on its Basel III Compliant Additional Tier I Bonds (ISIN: INE476A08126). The bonds have a principal amount of ₹1,500 Crore. The bank is proceeding with the exercise of this call option in accordance with the terms of issuance and applicable regulations. This move is subject to the conditions stipulated in the bond's terms and all relevant laws.
Key Highlights
- RBI grants permission for call option exercise.
- Affects Basel III AT1 Bonds worth ₹1,500 Crore.
- Canara Bank is proceeding with the exercise.
- Action is subject to issue terms and regulations.
Price Impact
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