Canara Bank has released its Security Cover Certificate for the quarter ended March 31, 2026. The report confirms the status of the bank’s listed unsecured non-convertible debt securities, which total ₹54,403 crore in outstanding amounts. As these securities are unsecured, the certificate confirms that no specific assets are required to be held as collateral, and the bank remains in full compliance with all relevant covenants and terms associated with these debt issues.
Debt Security Overview
The disclosure pertains to a series of listed non-convertible debentures and debt instruments issued by Canara Bank. As of the end of the final quarter of the financial year (March 31, 2026), the total outstanding value of these unsecured debt securities stands at ₹54,403 crore. The debt portfolio includes various Basel III compliant Tier I and Tier II bonds, as well as other long-term bonds (LTB) issued between 2016 and 2026.
Compliance and Security Status
Because the securities listed in the report are classified as unsecured, there is no requirement to maintain specific asset cover or collateral against the interest and principal amounts. The statutory auditors, M/s K Venkatachalam Aiyer & Co., have verified the bank’s records and confirmed that the institution has maintained full compliance with all stipulated covenants and terms regarding these debt instruments.
Breakdown of Outstanding Securities
The bank’s outstanding debt portfolio consists of 17 distinct debt facilities, ranging from ₹1,000 crore to ₹10,000 crore per instrument. All facilities, including the CB LTB 2034 (valued at ₹10,000 crore) and various Basel III AT I and Tier II instruments, are confirmed as unsecured, adhering to the bank’s broader financial management strategy for the 2025-26 period.
Source: BSE
