Canara Bank has confirmed the successful credit of Rs 10.76 crore as redemption and annual interest payment to investor bank accounts. The payment was processed on January 6, 2025, through multiple electronic transfer modes including RTGS, NEFT, IBA, and DD as per Enforcement Directorate order.

Payment Details and Compliance

The bank informed stock exchanges about this financial transaction under Regulation 57 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The communication was made in reference to an earlier intimation letter dated December 31, 2025.

Regulatory Framework

The payment was executed following an Enforcement Directorate order specifically related to ISIN INE476A08100. The bank's disclosure demonstrates compliance with securities regulations requiring timely communication of material financial transactions to stock exchanges.

Corporate Communication

The official communication was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market disclosure. The announcement was signed by Santosh Kumar Barik, Company Secretary, maintaining proper authorization protocols for such material disclosures.

The bank's proactive communication to stock exchanges ensures transparency and adherence to regulatory requirements, keeping all stakeholders informed about significant financial transactions as mandated under SEBI guidelines.

Canara Bank has successfully completed the annual interest payment and full redemption of its Basel III Compliant Additional Tier I Bonds, totaling ₹1,773.98 crores on December 31, 2025. The bank made the payments on the scheduled due date through various electronic modes including RTGS, NEFT, IBA, and demand draft to bondholders' bank accounts.

Bond Payment Details

The total payment comprised two components: annual interest payment of ₹138.98 crores and full redemption amount of ₹1,635.00 crores for the unsecured, non-convertible, perpetual, subordinated Basel III Compliant Additional Tier I Bonds carrying ISIN number INE476A08100.

Interest Payment Specifications

The annual interest payment was processed according to the bond terms with a record date of December 16, 2025. The bank maintained its annual payment frequency as originally structured, with no changes to the payment schedule.

Bond Redemption Process

The bonds underwent full redemption through call option on December 31, 2025. A total of 16,350 non-convertible debentures were redeemed, representing the complete outstanding issue. The redemption was processed through call option for these perpetual bonds, with no outstanding amount remaining after the payment.

Special Payment Consideration

The bank noted that payment towards one investor has been kept on hold as per freeze order Ref No ECIR/BGZO/25/2025 dated November 21, 2025, issued by the Enforcement Directorate against the investor. All other bondholders received their payments as scheduled.

Regulatory Compliance

The payment confirmation was issued in compliance with Regulation 57 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The bank notified the exchanges about the timely completion of both interest and redemption payments, ensuring full transparency and regulatory adherence.

With the successful completion of this payment, Canara Bank has fulfilled all obligations related to these Basel III Compliant Additional Tier I Bonds, marking the end of this debt instrument's lifecycle.