Canara Bank to Exercise Call Option on Bonds Subject to RBI Approval

Canara Bank has announced its decision to exercise the call option on several Basel III AT I bonds. This action is subject to the approval of the Reserve Bank of India (RBI) and any other relevant regulatory authorities. The bank is exercising the call option on bonds with ISINs INE476A08159, INE476A08134, and INE476A08126, with varying issue dates, interest rates, and call option dates. The total issued amount for these bonds is ₹4,000 crore. This move is a standard financial operation for banks to manage their capital structure and potentially refinance debt at more favorable terms.