Canara Bank has informed the Exchange regarding 'Credit Confirmation of Annual Interest Payment & Redemption Payment'.
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Canara Bank has confirmed that it has paid the annual interest and fully redeemed its Basel III Compliant Tier II Bonds (ISIN: INE476A08043) on the due date of 7 January 2026. An interest amount of Rs. 75.60 crore was paid to bondholders, and the full principal of Rs. 900 crore (9,000 non-convertible debentures) was redeemed at maturity. The total outflow of Rs. 975.60 crore was credited to bondholders' accounts via RTGS/NEFT/IBA/DD. After this redemption, the outstanding amount under this ISIN is NIL. The disclosure is filed under Regulation 57 of SEBI LODR Regulations, 2015.
This is a routine, pre-scheduled debt obligation being met on time — no negative impact on shareholders. The Rs. 900 crore outflow is fully provisioned and signals disciplined liability management, though it marginally reduces the bank's tier II capital base.