Canara Bank confirmed the timely credit of the Annual Interest Payment for its Non-Convertible, Subordinated, Basel III Compliant Tier II Bonds (ISIN: INE476A08258). The total interest amount paid on March 18, 2026, was Rs. 298,40,00,000/-. The payment was disbursed to bondholders via RTGS/NEFT/IBA/DD mode, adhering to the stipulated annual payment frequency.
Annual Interest Payment Confirmed for Tier II Bonds
Canara Bank has formally announced the successful completion of the Annual Interest Payment for its Non-Convertible, Taxable, Subordinated, Fully Paid-up, Unsecured Basel III Compliant Tier II Bonds. The specific instrument covered under this disclosure has the ISIN Number INE476A08258.
The payment was successfully processed and credited to the Bond Holders’ bank accounts today, March 18, 2026, ensuring timely adherence to the payment schedule.
Key Financial Details of the Transaction
The total Annual Interest amount disbursed was substantial: Rs. 298,40,00,000/- (Rupees Two Hundred and Ninety-Eight Crore Forty Lakh only). This payment utilized the RTGS/NEFT/IBA/DD mode as per the terms established during the issuance.
The following details summarize the critical dates and figures associated with this interest payment cycle:
- ISIN: INE476A08258
- Total Issue Size: Rs 4000,00,00,000
- Interest Frequency: Annual
- Due Date for Interest Payment: 18/03/2026
- Actual Date for Interest Payment: 18/03/2026
- Amount of Interest Paid: Rs 298,40,00,000
Note on Record Date Adjustment
The standard Interest Payment Record Date was originally set for 03-Mar-2026. However, due to this date falling on a holiday, the immediate preceding Business Day, 02-Mar-2026, was utilized as the effective record date, in compliance with established guidelines.
Source: BSE
