Canara Bank has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Canara Bank has filed a nil deviation report for the quarter ended March 31, 2026. The bank raised Rs. 5,000 crores through a Basel III Tier II bond (Private Placement) on February 27, 2026, and the entire amount has been utilized with no deviations in fund usage. This is a standard regulatory compliance filing confirming proper deployment of debt capital. The filing covers both Regulation 32 (fund utilization deviation) and Regulation 52 (NCD proceeds utilization) disclosures. No changes to the stated objects or terms of the bond issuance were reported.
This is a routine compliance filing with no material impact on shareholders. The nil deviation indicates proper fund management and adherence to stated objectives of the Tier II bond issuance, which was part of Canara Bank's capital raising strategy.