Canara Bank has informed the Exchange about General Updates
CANBK · price
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Awaiting price reaction for this filing.
Canara Bank has submitted a Security Cover Certificate to the stock exchanges for the quarter ended March 31, 2025, as required under SEBI's Listing Regulations. The certificate, signed by statutory auditor M/s Abarna & Ananthan, covers 23 series of listed non-convertible debt securities, all of which are unsecured and privately placed. The total outstanding amount of these debt securities stands at Rs. 52,989.10 crore, comprising Basel III Tier I, Tier II, and Long Term Bonds. The bank's net assets provide a coverage of 2.36 times the principal amount of these unsecured borrowings (net assets of Rs. 1,25,245.71 crore vs. borrowings of Rs. 52,989.10 crore). The auditors have confirmed that the bank has complied with all covenants and terms of the issue, with no breaches reported.
This is a routine quarterly regulatory disclosure and does not indicate any new event or material change. It confirms the bank has comfortable asset coverage on its existing debt obligations and has met all covenant requirements, which is neutral to mildly positive for debt investors but unlikely to move the stock price.