Canara Bank Completes ₹3,251 Crore Tier II Bond Interest Payment and Full Redemption


Mumbai : Canara Bank has successfully completed the payment of annual interest along with the full redemption of its Basel III-compliant Tier II bonds, reaffirming its strong financial discipline and compliance with regulatory norms.

In a regulatory filing, the bank confirmed that it has paid a total of ₹3,251.31 crore, which includes both principal and interest, to bondholders on April 27, 2026. The payment was made in accordance with Regulation 57 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Bond Details and Payment Structure

The bonds in question were unsecured, non-convertible, redeemable Tier II instruments issued under Basel III norms, carrying the ISIN INE476A08050. The total issue size stood at ₹3,000 crore.

  • Principal Repaid: ₹3,000 crore
  • Interest Paid: ₹251.31 crore
  • Total Payment: ₹3,251.31 crore

The bank confirmed that the entire amount has been successfully credited to investors through standard banking channels, including RTGS, NEFT, IBA, and demand draft facilities, as per the terms of issuance.

Timely Interest Payment

The annual interest of ₹251.31 crore was paid on the scheduled due date of April 27, 2026. The record date for determining eligible bondholders was April 10, 2026, adjusted in line with regulatory guidelines due to a holiday on the originally scheduled date.

Full Redemption on Maturity

Canara Bank also confirmed the complete redemption of the bonds upon maturity, with the full principal amount repaid on April 27. A total of 30,000 bonds were redeemed, and the outstanding balance after redemption now stands at zero, indicating closure of the issuance.

No Default, Full Compliance

The bank emphasized that all obligations—both interest and principal—were met on time and without any delay or default, in strict adherence to the terms of the bond issuance and regulatory requirements.

Regulatory Disclosure

The disclosure has been made to stock exchanges for informational and compliance purposes, reinforcing transparency in the bank’s financial operations and investor communications.


With this successful redemption, Canara Bank demonstrates its continued commitment to honoring debt obligations, maintaining investor confidence, and upholding high standards of corporate governance in India’s banking sector.

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