Canara Bank has confirmed the successful payment of its annual interest amounting to ₹298.4 crore on its Non-Convertible, Taxable, Subordinated, Fully Paid-up, Unsecured Basel III Compliant Tier II Bonds. The payment was made on 18th March 2026, as per the terms of the bond issuance.
The bonds, identified by the ISIN Number INE476A08258, have an issue size of ₹4,000 crore. The interest payment was credited to the bondholders’ bank accounts via RTGS, NEFT, IBA, or DD mode. The record date for the interest payment was initially set for 3rd March 2026, which was a holiday. Consequently, the preceding business day, 2nd March 2026, was considered the record date in accordance with SEBI guidelines.
The bank reported that there was no change in the frequency of the interest payment, which remains annual. Additionally, there were no delays or non-payments reported, as the interest payment was made on the due date of 18th March 2026.
This transaction marks the bank’s adherence to Regulation 57 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring timely payments to bondholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).