CANARA BANK

Canara Bank has announced its decision to exercise the call option on several Basel III AT I bonds, subject to approval from the Reserve Bank of India and other regulatory authorities. The total value of the bonds on which the call option is being exercised amounts to ₹4,000 crore. This move indicates the bank's proactive debt management strategy and potential refinancing activities. The specific bonds include those issued on March 4, 2022 (₹1,000 Cr), December 2, 2021 (₹1,500 Cr), and October 25, 2021 (₹1,500 Cr).

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.

Canara Bank's Board of Directors has approved a plan to raise foreign currency funds by issuing Senior Unsecured Foreign Currency Bonds. The issuance will be up to USD 2,000 million under the existing USD 3 billion Medium Term Note (MTN) Programme. The funds will be raised through the bank's IBU Gift City Branch, Gandhinagar, or any other overseas branch. The board meeting commenced at 10:00 AM IST and concluded at 12:25 PM IST.

Canara Bank announced the promotion of Shri Sunil Kumar Yadav from General Manager to Chief General Manager, effective September 1, 2026. Mr. Yadav joined Canara Bank in September 2000 and holds a Bachelor's Degree in Science (Agriculture) along with JAIIB and CAIIB certifications. With over 26 years of banking experience, he has held various leadership roles across different states and office levels, including heading a Large Corporate Branch in Bengaluru. His promotion signifies internal growth and recognition of his extensive experience and leadership capabilities within the bank.

Canara Bank announced that Shri Mahesh M Pai has ceased to be the Chief General Manager (CGM) of the bank effective September 01, 2026. This follows his relieving from services on August 31, 2026, with the resignation approved by the Competent Authority. The bank has provided details as per SEBI (LODR) Regulations, 2015, confirming the reason for change as resignation and the cessation date.

Canara Bank has announced that its Board of Directors will convene on September 3, 2026, to consider and approve raising foreign currency funds. This will be done through the issuance of Senior Unsecured Foreign Currency Bonds or Medium Term Note (MTN) Bonds under its existing MTN Programme. Concurrently, the trading window for the bank's directors and designated persons will be closed from August 31, 2026, to September 5, 2026, inclusive, in compliance with SEBI regulations.

Canara Bank has announced the closure of its trading window for directors, designated persons, their relatives, and connected persons. The window will be shut from August 31, 2026, to September 5, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank's internal code of conduct. The decision coincides with an upcoming board meeting scheduled for September 3, 2026, where the bank will consider raising foreign currency funds through the issuance of Senior Unsecured Foreign Currency Bonds or Medium Term Note (MTN) Bonds.

Canara Bank's Board of Directors has approved the sale of its 70% stake in its unlisted subsidiary, Canbank Factors Limited. The entire equity shareholding will be transferred to M/s Vidvedaa Private Limited for a consideration of ₹80.50 crore. This divestment is subject to obtaining necessary regulatory, statutory, and legal approvals. The transaction marks a strategic move by Canara Bank to streamline its operations and focus on core banking activities.

Canara Bank has confirmed the timely payment of annual interest on its Unsecured, Subordinated, Non-Convertible, Redeemable, Basel III Compliant Additional Tier 1 Bonds (ISIN: INE476A08241). The interest payment of ₹248.10 crore was made on August 29, 2026, to bondholders via RTGS/NEFT/IBA/DD. The total issue size of these bonds is ₹3000 crore, with an annual interest payment frequency. The record date for this payment was August 14, 2026, and the last interest payment was made on August 29, 2025.

Canara Bank has confirmed the timely annual interest payment of ₹149,60,00,000 (Rupees One Hundred Forty-Nine Crore Sixty Lakh Only) on its Unsecured, Subordinated, Non-Convertible, Redeemable, Basel III Compliant Tier 2 Bonds (ISIN: INE476A08175). The payment was made on August 27, 2026, via RTGS/NEFT/IBA/DD mode. The interest payment was due on August 26, 2026, but was deferred to the next business day due to a holiday, as per the Information Memorandum. The total issue size of these bonds is ₹2000,00,00,000.