Canara Bank Reports Zero Deviation in Utilization of Issue Proceeds for Q4 FY2025-26
Canara Bank confirmed that there is no deviation or variation in the utilization of funds raised for the Quarter ended March 31, 2026. The bank also provided a detailed statement regarding the utilization of proceeds from its Non-Convertible Debt Securities (NCDs) issuance.The financial details pertain to the utilization of issue proceeds from a Private Placement of Non-Convertible Debentures. The funds were raised through a Private Placement of BASEL III TIER II 2025-26 Series I, dated February 27, 2026.
The utilization report shows that the amount raised matched the funds utilized exactly, indicating zero deviation.
Funds Utilization Details
The following table summarizes the utilization of the issue proceeds for the specified period:| Metric | Detail | Amount |
|---|---|---|
| Issuer | Canara Bank | N/A |
| Mode of Fund Raising | Private Placement | N/A |
| Instrument Type | BASEL III TIER II 2025-26 Series I | N/A |
| Date of Fund Raising | 27-02-2026 | N/A |
| Total Amount Raised | N/A | 5,000 (Rs. in Crores) |
| Funds Utilized | N/A | 5,000 (Rs. in Crores) |
| Deviation in Use of Funds | No | N/A |
| Quarter Reported | 31.03.2026 | N/A |
For the quarter ending March 31, 2026, the Bank reported no deviation regarding the objects or purpose for which the funds were raised, nor was there any variation in the amount of funds actually utilized against what was originally disclosed.
CANBK Stock Price Movement
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