Canara Bank has approved raising up to USD 2,000 Mn through the issuance of Senior Unsecured Foreign Currency Bonds. The Board of Directors sanctioned the move during its meeting held on September 3, 2026.

The issuance will be executed under the bank’s existing USD 3 Bn Medium Term Note (MTN) Programme. The bonds may be fixed-rate or floating-rate and will be issued in the international market through the IBU Gift City Branch in Gandhinagar or any other overseas branch.

Meeting Details

The board meeting commenced at 10:00 am and concluded at 12:25 pm on September 3, 2026. This specific agenda item was considered following an intimation sent to stock exchanges on August 29, 2026, which had scheduled the meeting for September 3.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank’s Code of Conduct for Prohibition of Insider Trading, the trading window for directors, designated persons, their relatives, and connected persons remained closed.

The closure period ran from August 31, 2026, through September 5, 2026, inclusive. This restriction applied to dealing in shares or securities of the bank during this interval.

Regulatory Compliance

The outcome was disclosed under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Santosh Kumar Barik, Company Secretary.

Canara Bank has promoted Sunil Kumar Yadav to the position of Chief General Manager, effective September 1, 2026. The promotion reflects his extensive experience and leadership within the bank.

The bank notified the stock exchanges of the change in senior management under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing also referenced SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Career Progression

Sunil Kumar Yadav began his career with Canara Bank in September 2000 as a Probationary Agriculture Officer. He holds a Bachelor's Degree in Science (Agriculture) and possesses professional certifications of JAIIB and CAIIB from the Indian Institute of Banking & Finance (IIBF).

With over 26 years of experience, he has held key leadership positions across various domains, including branch and administrative roles. His career spans from branch level to head office level assignments across different states, covering both rural and metro areas.

Key Assignments

Yadav is known for his strategic insight and people-centric approach. He successfully led challenging assignments, including heading a Large Corporate Branch in Bengaluru. His commitment to excellence and team development remains a hallmark of his tenure.

The Company Secretary, Santosh Kumar Barik, digitally signed the disclosure on September 1, 2026.