Canara Bank

Canara Bank

Canara Bank has received RBI approval to exercise the call option on its Basel III AT1 Bonds worth ₹ 1,500 Crore, as per the terms of issue and applicable laws.

Canara Bank

Canara Bank has received credit ratings from India Ratings & Research, with its issuer rating affirmed at IND AAA/Stable, and its Basel III AT1 bonds assigned an IND AA+/Stable rating. The ratings factor in the bank's systemic importance, moderate equity raising ability, and continued improvement in profitability.

Canara Bank

Canara Bank has decided to exercise the call option on Basel III Compliant Additional Tier I Bonds, subject to approval from the Reserve Bank of India and other regulatory authorities.

Canara Bank

Canara Bank has decided to exercise the call option on Basel III Compliant Additional Tier I Bonds, subject to RBI approval.

Canara Bank

Canara Bank's Board of Directors has approved raising of foreign currency funds through issuance of Senior Unsecured Foreign Currency Bonds (Fixed Rated / Floating Rated) up to USD 2,000 Mn in the International market under the existing USD 3 Bn Medium Term Note (MTN) Programme.

Canara Bank

Canara Bank has announced a change in senior management with Shri Sunil Kumar Yadav being promoted as Chief General Manager, effective September 1, 2026. Yadav has over 26 years of experience in the banking industry and has held key leadership positions across various domains.

Canara Bank

Canara Bank has announced a change in senior management with Shri Mahesh M Pai ceasing to be the Chief General Manager (CGM) of the bank, effective September 1, 2026, following his resignation on August 31, 2026.

Canara Bank

Canara Bank has closed its trading window from August 31 to September 5, 2026, ahead of a board meeting on September 3 to consider raising foreign currency funds through Senior Unsecured Foreign Currency Bonds/Medium Term Note (MTN) Bonds.

Canara Bank

Canara Bank has scheduled a board meeting on 03/09/2026 to consider and approve the raising of foreign currency funds through the issuance of Senior Unsecured Foreign Currency Bonds / Medium Term Note (MTN) Bonds under the existing MTN Programme.

Canara Bank

Canara Bank has informed the stock exchanges that its Board of Directors has accorded consent for the sale of its 70% stake in Canbank Factors Limited, an unlisted subsidiary, to Vidvedaa Private Limited for a purchase consideration of Rs.80.50 crore, subject to necessary regulatory/statutory/legal approvals.

Canara Bank

Canara Bank has confirmed the annual interest payment of Rs. 248,10,00,000 for its Additional Tier 1 Bonds with ISIN INE476A08241, as per the terms of issue.

Canara Bank

Canara Bank has confirmed the annual interest payment of Rs. 149,60,00,000 on its Unsecured, Subordinated, Non-Convertible, Redeemable, Fully Paid Up, Taxable, Basel III Compliant Tier 2 Bonds with ISIN Number INE476A08175, as per the terms of issue.

Canara Bank

Canara Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective August 12, 2026, with rates increasing across various tenors.

Canara Bank

Canara Bank has received a monetary penalty of Rs.1,49,450.00 from the Reserve Bank of India (RBI) for CC Remittance Shortage, Mutilated Notes in CC Remittance, and Counterfeit in CC Remittance. The penalty will impact the bank's financial activities to the extent of the amount.

Canara Bank

Canara Bank has designated Shri. Sujit Kumar Sahoo as the Group Chief Compliance Officer (GCCO) for a period of 3 years, effective from 01/07/2026.

Canara Bank

Canara Bank's Q1 FY27 earnings call transcript reveals a 14.37% YoY growth in global business, 11.63% YoY growth in gold deposits, and 17.97% YoY growth in global advances. Net interest income has crossed 10,000 crores, and net profit has grown 2.19% YoY. The bank's CET1 is at 12.91%, and total credit CRAR is at 17.17%. Gross NPA has decreased to 1.57%, and net NPA has decreased to 0.36%. The bank has also improved its provision coverage ratio to 94.76% and reduced its slippage ratio to 0.60%. Return on equity has improved to 18.07%, and earnings per share has grown to 21.47%. The bank has bettered its guidance in all areas.

Canara Bank

Canara Bank has published its unaudited financial results for the first quarter ended 30.06.2026, which show a total income from operations of ₹39,684.26 crore and a net profit of ₹6,555.82 crore.

Canara Bank

Canara Bank has conducted an earnings conference call with analysts and investors to discuss its unaudited financial results for the quarter ended June 30, 2026. The audio/video recording of the call is available on the bank's website.

Canara Bank

Canara Bank discloses security cover certificate for the quarter ended June 30, 2026, as per SEBI (LODR) Regulations, 2015. The certificate is submitted by one of the Statutory Central Auditors of the Bank, M/s K Venkatachalam Aiyer & Co.

Canara Bank

Canara Bank has announced its unaudited reviewed financial results for the quarter ended 30th June 2026, showing a 14.37% YoY growth in global business, 11.63% YoY growth in global deposits, and 17.97% YoY growth in global advances. The bank's net profit grew by 2.19% and the provision coverage ratio improved by 159bps.