Canara Bank submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the stock exchanges on May 27, 2026, pursuant to Regulation 34 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, prepared on a standalone basis, covers the Bank's pan-India operations across various business verticals and is signed by Company Secretary Santosh Kumar Barik. The BRSR covers the reporting period from April 01, 2025 to March 31, 2026, and has been independently assured by Practicing Company Secretary Swayambhu Viswanathan, with Reasonable Assurance on BRSR Core as applicable.

General Disclosures and Financial Overview

The Bank, incorporated in 1906 and headquartered at 112, J C Road, Bengaluru - 560 002, Karnataka, is listed on BSE Limited and the National Stock Exchange of India Limited. Key financial parameters disclosed in the report are as follows:

The Bank's primary business activity is financial services, mainly banking — including acceptance of deposits and credit finance — contributing 100% of turnover. The Bank operates 10,337 national offices and 6 overseas centres as at March 31, 2026, spanning 28 states and 8 Union Territories domestically and 4 countries internationally. The Bank serves a diverse customer base encompassing corporates, MSMEs, salaried and self-employed individuals, senior citizens, farmers, non-resident Indians and other segments across seven structured business verticals including Retail, Corporate, Business, Rural & Agricultural, Non-Profit Organizations, Foreign Customers, and Digital Banking Users.

Workforce and Employee Well-being

As at the end of FY 2025-26, the Bank's total employee strength stood at 81,834. The workforce composition and key well-being metrics are detailed below:

The Board of Directors comprises 10 members, of whom 2 (20%) are women. Among Key Managerial Personnel (KMPs), there are 6 members with no female representation. The permanent employee turnover rate for FY 2025-26 was 2.91% overall (male: 2.99%, female: 2.74%). Well-being expenditure as a percentage of total revenue was 0.3% in FY 2025-26, compared to 1.21% in FY 2024-25. All 81,827 permanent employees are covered under health insurance and accident insurance. The Bank reported zero workplace safety incidents (Lost Time Injury Frequency Rate) for both employees and workers during the reporting period.

The Bank's union membership among permanent employees stood at 93.56% in FY 2025-26, up from 79.52% in FY 2024-25. Performance and career development reviews covered 100% of all permanent employees. The Bank conducted 1,395 training programmes for employees other than BoD and KMPs, achieving 98% coverage on skill upgradation. The Board of Directors participated in 8 structured capability-building programmes with 78% coverage, while KMPs participated in 10 programmes with 75% coverage.

Environmental Performance

The Bank has committed to a Board-approved Carbon Neutrality Plan targeting carbon neutrality for its operational Scope 1 and Scope 2 emissions by FY 2035, aligned with India's Nationally Determined Contributions (NDCs) net-zero target by 2070. Key environmental metrics for FY 2025-26 are presented below:

The Bank achieved a 24.15% reduction in overall energy consumption during FY 2025-26. It installed 4,133 kWp of rooftop solar capacity across 165 locations and upgraded all 10,098 branches with energy-efficient air conditioning units and LED lighting. The Bank also reported zero data breach incidents and maintained zero incidents of non-compliance with environmental regulations during the reporting period. Eight key GHG reduction initiatives were undertaken, including a Carbon Neutrality Plan, Green Finance products, Canara Green Deposit scheme, a Net Zero Transition Plan project, Electric Vehicles Fleet deployment, EV Charging Stations, energy-efficient infrastructure upgrades, and IGBC-certified premises across 37 locations.

Stakeholder Engagement and Grievance Redressal

The Bank has established grievance redressal mechanisms across all stakeholder groups. Key grievance data for FY 2025-26 is summarised below:

The Bank reported zero disciplinary actions against Directors or KMPs for bribery or corruption in FY 2025-26. Fifteen employees faced such actions in FY 2024-25. The number of accounts payable days stood at 43.01 for FY 2025-26. The Bank's overall Customer Satisfaction Score (CSAT) for FY 2025-26 stood at 85.54%.

CSR, Inclusive Development, and ESG Governance

The Bank's CSR mandate under Section 135 of the Companies Act, 2013 is not applicable; however, the Bank has adopted a strategic approach to CSR initiatives. During FY 2025-26, the Bank's CSR programmes benefited a total of 14,278,554 individuals, with 71.73% from vulnerable and marginalised groups. The Bank conducted 30,407 financial literacy camps reaching 26,61,629 individuals through its Financial Literacy Centres. Inputs sourced directly from MSMEs and small producers accounted for 32% of total procurement in FY 2025-26, up from 28% in FY 2024-25, with 100% of inputs sourced from within India.

The Bank's ESG governance is supported by an ESG Committee, a Board-level Sub-committee, and a Board-approved ESG Policy (Sustainability Framework). Sustainability-related issues are governed by the Sustainable Development Corporate Social Responsibility (SC-SDCSR) Sub-committee. The Bank holds ISO 27001:2022 Information Security Management Systems Certification and has achieved IGBC certifications expanded to 37 premises. The Bank is committed to contributing to the UN Sustainable Development Goals and aligns its operations with national development priorities across agriculture, education, housing, social infrastructure, renewable energy, and microfinance.

Holdings, Subsidiaries, and Associates

The Bank's key holding, subsidiary, and associate entities are listed below:

None of the above entities participate in the Bank's Business Responsibility initiatives. The Bank is also a member of key national industry associations including the Indian Bank's Association, Indian Institute of Banking and Finance, Institute of Banking Personnel Selection, National Institute of Bank Management, The Clearing Corporation of India, National Payments Corporation of India, and the Indian Green Building Council.

Canara Bank has scheduled a board meeting to consider and approve its capital raising plan for FY 2026-27. The meeting will be held on Tuesday, June 2, 2026, at the bank's Head Office in Bengaluru. The proposed plan is subject to necessary approvals and permissions from relevant authorities.

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank's Code of Conduct for Prohibition of Insider Trading, the trading window will remain closed. This restriction applies to directors, designated persons, their relatives, and connected persons dealing in the bank's shares and securities.

The closure period is effective from Wednesday, May 27, 2026, until Friday, June 4, 2026 (both days inclusive).

Meeting Details