Canara Bank Announces Completion of Ms. Nalini Padmanabhan's Tenure as Part-time Non-Official Director

1 min read     Updated on 11 Apr 2026, 02:25 AM
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AI Summary

Canara Bank has announced the completion of Ms. Nalini Padmanabhan's tenure as Part-time Non-Official Director effective April 10, 2026. She was re-nominated to this position by the Department of Financial Services for a one-year term starting April 11, 2025. The bank has duly informed stock exchanges about this board change in compliance with SEBI regulations.

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Canara Bank has notified stock exchanges regarding the completion of Ms. Nalini Padmanabhan's tenure as Part-time Non-Official Director under Regulation 30 of SEBI (LODR) Regulations, 2015. The notification, dated April 10, 2026, marks the end of her one-year term on the bank's Board of Directors.

Director Tenure Details

Ms. Nalini Padmanabhan was re-nominated as Part-time Non-Official Director by the Department of Financial Services, Ministry of Finance, Government of India through notification No. eF.No. 6/1(i)/2024-BO-I dated April 11, 2025. Her appointment was for a period of one year from the date of notification or until further orders, whichever is earlier.

Parameter: Details
Director Name: Ms. Nalini Padmanabhan
Date of Birth: July 20, 1964
Position: Part-time Non-Official Director
Appointment Date: April 11, 2025
Tenure End Date: April 10, 2026
Appointing Authority: Department of Financial Services, Ministry of Finance

Regulatory Compliance

The bank's notification to BSE Ltd. and National Stock Exchange of India Ltd. fulfills its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015. Ms. Padmanabhan ceased to be Part-time Non-Official Director on the Board of the Bank with effect from closure of business hours on April 10, 2026.

Official Communication

The notification was signed by Santosh Kumar Barik, Company Secretary of Canara Bank, and communicated to both major stock exchanges where the bank's shares are listed. The bank trades under scrip code 532483 on BSE and CANBK on NSE. This formal communication ensures transparency and keeps stakeholders informed about changes in the bank's board composition as required by regulatory guidelines.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+1.62%+10.32%+0.17%+11.08%+58.50%+371.09%

Who will the Department of Financial Services appoint as Ms. Padmanabhan's replacement on Canara Bank's board?

How might this board composition change impact Canara Bank's strategic decisions and governance policies?

Will the government maintain the same criteria for selecting Part-time Non-Official Directors at public sector banks?

Canara Bank Discloses ₹54,403 Crores Outstanding Bond Portfolio as on March 31, 2026

2 min read     Updated on 10 Apr 2026, 07:49 AM
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Canara Bank disclosed its half-yearly debt securities statement showing ₹54,403.00 crores in outstanding bonds as on March 31, 2026. The portfolio includes 17 bond issues with coupon rates from 7.09% to 8.40%, comprising both perpetual bonds with call options and fixed-term securities. All bonds maintain strong credit ratings from major agencies, demonstrating the bank's robust capital market positioning and regulatory compliance.

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Canara Bank has filed its mandatory half-yearly statement of debt securities with stock exchanges, disclosing a comprehensive bond portfolio worth ₹54,403.00 crores outstanding as on March 31, 2026. The submission, made to both BSE and NSE on April 9, 2026, complies with SEBI circular requirements for debt securities reporting.

Outstanding Bond Portfolio Overview

The bank's debt securities portfolio comprises 17 distinct bond issues, all maintaining their full issued amounts as outstanding securities. The portfolio demonstrates a strategic mix of perpetual bonds with embedded call options and fixed-term securities designed to meet regulatory capital requirements.

Bond Details Count Total Amount (₹ Crores)
Total Outstanding Issues 17 54,403.00
Issued Amount 17 54,403.00
Perpetual Bonds with Call Options 10 26,403.00
Fixed-Term Bonds 7 28,000.00

Interest Rate and Maturity Profile

The bond portfolio exhibits diverse coupon rates reflecting market conditions at the time of issuance. Interest rates range from 7.09% to 8.40%, with all securities paying annual coupons. The maturity structure includes both long-term fixed securities and perpetual instruments with call options.

Key Bond Characteristics:

  • Highest Coupon Rate: 8.40% (multiple issues)
  • Lowest Coupon Rate: 7.09% (December 2021 issue)
  • Largest Single Issue: ₹10,000.00 crores (July 2024)
  • Payment Frequency: Annual across all issues

Credit Ratings and Risk Assessment

The outstanding bonds maintain strong credit ratings from leading rating agencies. The portfolio includes securities rated by CRISIL, CARE, ICRA, and India Ratings, with ratings ranging from AA+ to AAA categories, all carrying stable outlooks.

Rating Category Number of Issues Amount (₹ Crores)
AAA Rated Securities 7 28,000.00
AA+ Rated Securities 10 26,403.00

Recent Issuances and Strategic Positioning

The bank's recent bond issuances demonstrate active capital market engagement, with the latest ₹5,000.00 crores issue completed in February 2026. This 10-year bond carries a 7.24% coupon rate with a call option exercisable from FY 2030-2031, reflecting the bank's continued access to competitive funding rates.

Regulatory Compliance Framework

The disclosure fulfills requirements under multiple SEBI circulars, including CIR/IMD/DF-1/67/2017, subsequent clarifications, and updated guidelines through 2024. This comprehensive reporting ensures transparency for investors and regulatory authorities regarding the bank's debt capital structure and outstanding obligations.

The statement, digitally signed by Company Secretary Santosh Kumar Barik, provides stakeholders with complete visibility into Canara Bank's debt securities portfolio as mandated by securities market regulations.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+1.62%+10.32%+0.17%+11.08%+58.50%+371.09%

Will Canara Bank exercise the call options on its perpetual bonds worth ₹26,403 crores given the current interest rate environment?

How might the upcoming maturity of these bonds impact Canara Bank's refinancing strategy and capital adequacy ratios?

Could the bank's strong credit ratings (AAA/AA+) enable it to issue new bonds at lower coupon rates than the current 7.09%-8.40% range?

More News on Canara Bank

1 Year Returns:+58.50%