Canara Bank , a Government of India Undertaking, has filed its fund utilization statement for the quarter ended March 31, 2026, with BSE Ltd. and the National Stock Exchange of India Ltd., in compliance with Regulation 32(1) and Regulation 52(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, filed on May 11, 2026, confirms that there is nil deviation or variation in the utilization of funds raised during Q4 FY2025-26. The filing was signed by Company Secretary Santosh Kumar Barik and certified by General Manager & GCFO Amit Mittal from the bank's Head Office in Bengaluru.

Nil Deviation Reported Under Regulation 32

As per the statement filed under Regulation 32(1) of SEBI (LODR) Regulations, 2015, no funds were raised through public issues, rights issues, preferential issues, QIP, or other modes during Q4 FY2025-26. Consequently, all related parameters — including date of raising funds, amount raised, monitoring agency details, and deviation or variation — are marked as "Not Applicable" for the quarter. The bank confirmed that the deviation or variation in utilization of funds raised for the quarter ended March 31, 2026 is NIL.

Utilization of Issue Proceeds Under Regulation 52

Under Regulation 52(7) and 52(7A) of SEBI (LODR) Regulations, 2015, Canara Bank disclosed the utilization of proceeds from its listed Non-Convertible Debt Securities. The bank raised Rs. 5,000 crores through a private placement of Basel III Tier II instruments during the reporting period, and the entire amount was fully utilized with no deviation reported.

The following table summarizes the statement of utilization of issue proceeds:

Statement of Deviation/Variation in Use of Issue Proceeds

The statement of deviation/variation in use of issue proceeds, filed under Regulation 52(7) and 52(7A), further confirms that there is no deviation or variation in the use of the funds raised. All fields pertaining to approval requirements, explanation for deviation, audit committee comments, and auditor comments are marked as "Not Applicable," reflecting the absence of any deviation. The original object of fund utilization remains unchanged, with no modified allocation or variation amount reported for the quarter.

The key parameters from the deviation statement are as follows:

The disclosure was submitted from Canara Bank's Secretarial Department, Head Office, 112 J C Road, Bengaluru - 560002, and is available for reference on the exchanges' records.

Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective May 12, 2026. The bank communicated this development to the stock exchanges through a regulatory filing dated May 11, 2026, signed by Company Secretary Santosh Kumar Barik.

Revised MCLR Rates Effective May 12, 2026

The updated MCLR schedule reflects an upward revision across all seven tenors. The following table outlines the existing rates alongside the revised rates:

Key Highlights of the Revision

• All seven MCLR tenors have been revised upward by 5 basis points each.
• The Overnight MCLR moves from 7.85% to 7.90%.
• The One Year MCLR, a widely referenced benchmark for retail loans, increases from 8.70% to 8.75%.
• The Three Year MCLR rises from 9.00% to 9.05%.
• The revised rates are applicable with effect from May 12, 2026.

Regulatory Communication

The revision was disclosed under Regulation 30 and communicated to both BSE Ltd. and the National Stock Exchange of India Ltd. by Canara Bank's Secretarial Department, headquartered at 112 J C Road, Bengaluru - 560002. The filing was digitally signed by Company Secretary Santosh Kumar Barik on May 11, 2026.