Canara Bank confirmed the timely payment of ₹377 crore in annual interest on its non-convertible debentures. The amount was credited to bondholders' accounts on September 27, 2026, adhering to the scheduled due date.

The payment relates to long-term bonds issued by the bank. The total issue size for this specific instrument stands at ₹5,000 crore. The interest is paid annually, and no changes to the frequency of payment were reported for this cycle.

Payment details and schedule

The bank filed a credit confirmation with both BSE and NSE under Regulation 57 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The interest was disbursed via RTGS, NEFT, IBA, or DD modes as per the terms of the issue.

Operational compliance

Canara Bank stated that there was no delay or non-payment associated with this interest cycle. The previous interest payment was made on September 29, 2025. The current confirmation ensures that debt obligations are being met as per the agreed schedule, maintaining the bank's standing with bondholders and regulatory bodies.

Canara Bank has extended the term of office of Executive Director Bhavendra Kumar until October 31, 2027. The extension was approved by the Department of Financial Services, Ministry of Finance, Government of India.

The notification dated September 23, 2026, specifies that Kumar’s current term, which was set to end on October 8, 2026, is now valid until his date of superannuation. This extension remains in effect until further orders, whichever occurs earlier. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership continuity and background

Bhavendra Kumar assumed charge as Executive Director on October 9, 2023, following a notification from the Department of Financial Services. He joined the bank on March 10, 1997, as a Probationary Officer and holds a Bachelor of Arts (Hons) degree along with the Certified Associate of Indian Institute of Bankers (CAIB) certification.

During his career, Kumar has served in various capacities across multiple states, including Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, and New Delhi. He also spent three years at the bank’s Shanghai branch. After being promoted to General Manager in 2020, he headed the Gold Loan Wing at the head office in Bengaluru.

Career progression

In 2021, Kumar was elevated to Chief General Manager, where he oversaw the Delhi Circle Office. This region managed a business volume exceeding ₹2.5 lakh crore before he moved to the Executive Director role. The filing confirms that Kumar is not related to any other directors of the bank and has not been debarred from holding office by any regulatory authority.