Santosh Kumar Barik | Business Upturn

Canara Bank completes Rs 3,251 crore interest and redemption payment

Yash Agarwal — Mon, 27 Apr 2026 12:47:03 +0000

Canara Bank has successfully completed the annual interest and principal payment on its unsecured, non-convertible, redeemable Basel III compliant Tier II bonds. The total amount of ₹3,251.31 crore was credited to bondholders’ accounts on 27th April 2026.

The payment pertains to bonds with the ISIN number INE476A08050. The interest component of the payment amounted to ₹251.31 crore, while the principal redemption totalled ₹3,000 crore. The payments were made on schedule, adhering to the terms of the bond issue.

The interest payment was made on an annual basis, with the record date set on 10th April 2026. The due date and actual date for the interest payment were both 27th April 2026. The last interest payment was made on 28th April 2025.

The bonds were redeemed in full upon maturity, with a total of 30,000 non-convertible debentures being redeemed. The redemption was executed on the due date of 27th April 2026, leaving no outstanding amount.

Canara Bank ensured that the payments were processed through RTGS/NEFT/IBA/DD modes, in line with the established guidelines. This transaction reflects the bank’s commitment to fulfilling its financial obligations in a timely manner.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Canara Bank reports 62.93% shareholding by government of India as of March 2026

Arunika Jain — Wed, 01 Apr 2026 06:55:47 +0000

Canara Bank has disclosed that the Government of India, represented by the President of India, holds a 62.93% share in the bank as of 31st March 2026. This information was submitted in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure highlights that the promoter of Canara Bank, along with persons acting in concert, has not made any encumbrance, directly or indirectly, during the financial year 2025-26. The bank’s shares are listed on both BSE Limited and the National Stock Exchange of India Limited (NSE).

The total shareholding by the Government of India amounts to 5,70,85,48,390 shares, representing 62.93% of the total share or voting capital of Canara Bank. There are no voting rights held otherwise than by shares, and no warrants, convertible securities, or other instruments that would entitle the holder to receive shares in the bank.

This announcement ensures transparency in the bank’s shareholding structure and complies with regulatory requirements.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Canara Bank confirms Rs 298.4 crore annual interest payment on Tier II bonds

Kinjal — Wed, 18 Mar 2026 12:47:34 +0000

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).

Canara Bank revises MCLR rates, three-year tenor now at 9.00%

Business Desk — Wed, 11 Mar 2026 11:30:58 +0000

Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) effective from 12 March 2026. The changes will affect various tenors, with the three-year MCLR seeing an increase.

The revised rates are as follows: the overnight, one-month, three-month, six-month, and one-year MCLR rates remain unchanged at 7.85%, 7.90%, 8.15%, 8.50%, and 8.70% respectively. However, the two-year MCLR has been increased from 8.85% to 8.95%, and the three-year MCLR has been adjusted from 8.90% to 9.00%.

These adjustments in MCLR are crucial for borrowers as they directly impact the interest rates on loans. The unchanged rates for shorter tenors provide stability for short-term borrowers, while the increased rates for longer tenors may affect those with extended loan durations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).