Canara Bank gets RBI nod to call back Rs 1,755 Cr AT1 bonds

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹140.80

prior close

₹141.25

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%-0.3% vs market

Public Sector Bank peers, median of 11sector+0.1%-0.0% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and in line with its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

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AI summary

Canara Bank has received RBI approval to exercise the call option on two Basel III Additional Tier 1 perpetual bonds totaling Rs 1,755 crore. This includes a Rs 1,635 crore bond at 8.50 percent coupon maturing on 31 December 2025 and a Rs 120 crore bond at 8.30 percent coupon maturing on 2 February 2026. The bank will redeem these perpetual bonds on the scheduled call dates, effectively removing the perpetual high-coupon obligation from its books.

Likely market impact

Positive: signals capital strength and RBI confidence. Removes high-coupon perpetual obligation, likely boosting future earnings. AT1 bondholders stop receiving interest.