Canara Bank has successfully processed the annual interest payment of ₹149,60,00,000 for its Unsecured, Subordinated, Non-Convertible, Redeemable Basel III Compliant Tier 2 Bonds (ISIN: INE476A08175). The payment, originally due on August 26, 2026, was made on August 27, 2026, following the specified terms due to the preceding day being a holiday.
Canara Bank Confirms Annual Interest Payment
Canara Bank has officially announced the successful completion of its annual interest payment for the Unsecured, Subordinated, Non-Convertible, Redeemable, Fully Paid Up, Taxable, Basel III Compliant Tier 2 Bonds, bearing the ISIN number INE476A08175. The total interest amount disbursed was a significant ₹149,60,00,000 (Rupees One Hundred Forty-Nine Crore Sixty Lakh Only).
Payment Details and Timeline
The interest payment was credited to the bondholders’ bank accounts on August 27, 2026, via RTGS/NEFT/IBA/DD modes, adhering to the terms of issue. While the due date for the interest payment was August 26, 2026, the actual disbursement occurred on the subsequent business day, August 27, 2026. This slight shift was attributed to August 26, 2026, being a holiday, as per the information memorandum.
Bond Series Information
The specific bond series in question has an issue size of ₹2000,00,00,000. The interest payment frequency is annual, and the record date for this payment was August 11, 2026. The previous interest payment was made on August 26, 2025.
Source: BSE
