Canara Bank has submitted its quarterly Security Cover Certificate for Q3FY26 to stock exchanges, disclosing comprehensive details of its outstanding debt securities portfolio. The submission, made on January 29, 2026, fulfills regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Outstanding Debt Securities Portfolio

The bank's certificate reveals a substantial portfolio of unsecured non-convertible debt securities totaling ₹50,423.00 crore across 18 different ISIN series. The portfolio comprises various Basel III compliant instruments and long-term bonds issued over multiple financial years.

Regulatory Compliance and Security Cover

The certificate confirms that all debt securities are unsecured in nature, eliminating the requirement for specific asset backing or security cover. As clarified by NSE guidelines, entities with only unsecured debt securities must submit a "NIL" report regarding security coverage requirements.

Statutory auditors K Venkatachalam Aiyer & Co. have certified full compliance with all covenants and terms associated with the listed non-convertible debt securities as of December 31, 2025. The certification covers regulatory obligations under SEBI (LODR) Regulation 54(2) and related circulars.

Certificate Submission Details

Company Secretary Santosh Kumar Barik signed and submitted the disclosure to both BSE (Scrip Code: 532483) and NSE (Scrip Code: CANBK). The submission includes comprehensive documentation covering security cover requirements and covenant compliance status for the quarter ended December 31, 2025.

The bank's diverse debt securities portfolio spans multiple vintage years, reflecting its consistent capital market access for regulatory capital and funding requirements. The largest single issuance is the CB L TB 2034 series with ₹10,000.00 crore outstanding, followed by two Long Term Bond series of ₹5,000.00 crore each.

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Canara Bank held its Q3FY26 earnings conference call on January 29, 2026, where management discussed the bank's robust financial performance and strategic initiatives. The call was led by MD & CEO Hardeep Singh Ahluwalia along with Executive Directors Bhavendra Kumar, S.K. Majumdar, and Sunil Kumar Chugh.

Key Financial Highlights

The bank delivered impressive results across multiple parameters during the quarter. Global business reached ₹27.10 lakh crores with a growth rate of 13.23% year-on-year, while net profit stood at ₹5,155 crores, representing a substantial 25.61% increase compared to the previous year.

Asset Quality and Capital Metrics

The bank demonstrated significant improvement in asset quality parameters. GNPA declined by 126 basis points year-on-year to 2.08%, while net NPA stood at 0.45%, declining by 44 basis points. The provision coverage ratio improved substantially by 293 basis points to 94.19%.

Retail and MSME Growth

The bank showcased strong momentum in the retail and MSME segments. RAM (Retail, Agriculture, MSME) credit reached ₹7.04 lakh crores with growth of 18.70%. Retail credit demonstrated exceptional performance with 31.37% growth to ₹2.73 lakh crores, while MSME grew by 13.74% to ₹1.60 lakh crores.

Management Outlook and Strategy

During the conference call, management expressed confidence in maintaining growth momentum while addressing margin pressures from recent repo rate cuts. The bank's NIM contracted by 2 basis points due to immediate repricing of repo-linked advances, which constitute 49% of the portfolio. Management expects NIM to stabilize in the range of 2.45% to 2.50% going forward.

The bank reported strong recovery performance with ₹2,051 crores recovered from written-off accounts during the quarter. Management indicated this recovery momentum would continue, supported by various resolution mechanisms including NCLT, DRT, and SARFAESI options.