Canara Bank has been added to the BSE Bankex index as part of today's index restructuring exercise. The inclusion took effect at 3:00 PM today, marking a significant milestone for the public sector banking institution.

Index Addition Details

The BSE Bankex restructuring represents a periodic review and adjustment of the banking sector index composition. Canara Bank's addition to this benchmark index reflects its market performance and sectoral standing among banking stocks.

Market Implications

Index inclusions typically carry positive implications for stocks, as they often result in increased institutional interest and potential fund flows. Fund managers who track the BSE Bankex may need to purchase Canara Bank shares to maintain their portfolio alignment with the index composition.

The BSE Bankex serves as a key benchmark for the banking sector, tracking the performance of major banking stocks listed on the Bombay Stock Exchange. Canara Bank's inclusion in this index positions it among the prominent banking institutions represented in this sectoral benchmark.

About the Development

This index restructuring exercise demonstrates the dynamic nature of market indices, which undergo periodic reviews to ensure they accurately represent their respective sectors. For Canara Bank, this addition represents recognition of its market position within the banking sector.

Canara Bank has successfully completed its annual interest payment and redemption obligations for Basel III Tier II bonds, crediting a total amount of ₹814.65 crores to bondholders on December 18, 2025. The bank informed both BSE and NSE about the timely completion of payments under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Payment Structure and Details

The total payment of ₹814.65 crores was distributed to holders of Unsecured Redeemable, Non-Convertible, Fully Paid Up, Basel III Compliant, Tier II Bonds in the nature of Debentures. The bank processed these payments through multiple modes including RTGS, NEFT, IBA, and DD as per the original terms of issue.

Interest Payment Specifications

The annual interest component covered bonds with ISIN number INE667A08047, with the interest payment record date set as December 3, 2025. The bank maintained its commitment to timely payments, with the actual payment date matching the scheduled due date of December 18, 2025.

Redemption Details

The redemption component involved 7,500 Non-Convertible Debentures (NCDs) with a face value redemption approach. The redemption was processed on a maturity basis, with both the due date and actual redemption date falling on December 18, 2025.

Regulatory Compliance

Canara Bank's announcement demonstrates adherence to regulatory requirements under SEBI listing obligations. The bank provided comprehensive details of both interest and redemption payments to stock exchanges, ensuring transparency for bondholders and market participants. Company Secretary Santosh Kumar Barik signed the regulatory filing, confirming the completion of all payment obligations within the stipulated timeframe.