<h1>Canara Bank's Statutory Auditor Certifies Security Cover for Unsecured Debt Securities</h1>
A certificate regarding the security cover and covenants of Canara Bank’s listed non-convertible debt securities has been certified by M/s K Venkatachalam Aiyer & Co., a Statutory Central Auditor of the bank. The certification covers the quarter ended June 30, 2026.
The auditor confirmed that as the bank has issued unsecured non-convertible securities, the requirement for particulars of security and security coverage against interest and principal amount is not applicable, resulting in a "Nil" report submission. Furthermore, based on an examination of the books of accounts and related records, the auditor certified that the bank complied with all covenants of the above-mentioned listed unsecured non-convertible debt securities as at March 31, 2026.
The bank has issued multiple tranches of these securities, which are described as Unsecured Subordinated bonds across various issues dating from October 2021 to February 2026. The combined outstanding amount of these listed non-convertible debt securities stood at 51,403.00 crore Rs. as of the certification date.
The details of the issued security tranches are provided below:
| Sl No. | Facility Name | Allotment Date | Sanctioned Amount (Rs. in crore) | Outstanding As on 30.06.2026 (Rs. in crore) | Nature of Charge |
|---|---|---|---|---|---|
| 1 | BASEL III AT 2021-22 SR II | March 04, 2022 | 1,000.00 | 1,000.00 | Unsecured Subordinated |
| 2 | BASEL III AT 2022-23 Series I | July 19, 2022 | 2,000.00 | 2,000.00 | Unsecured Subordinated |
| 3 | BASEL III TIER II Series I | August 26, 2022 | 2,000.00 | 2,000.00 | Unsecured Subordinated |
| 4 | BASEL III TIER I Series II | September 15, 2022 | 2,000.00 | 2,000.00 | Unsecured Subordinated |
| 5 | BASEL III AT 2021-251 | October 25, 2021 | 1,500.00 | 1,500.00 | Unsecured Subordinated |
| 6 | BASEL III AT I 2021-22 SR II | December 02, 2021 | 1,500.00 | 1,500.00 | Unsecured Subordinated |
| 7 | BASEL III TIER II S 1 | December 24, 2021 | 2,500.00 | 2,500.00 | Unsecured Subordinated |
| 8 | LTB 2023 - 1 | September 27, 2023 | 5,000.00 | 5,000.00 | Unsecured Subordinated |
| 9 | LTB 2023 - 2 | November 29, 2023 | 5,000.00 | 5,000.00 | Unsecured Subordinated |
| 10 | BASEL III AT 2023-24 Series I | December 11, 2023 | 1,403.00 | 1,403.00 | Unsecured Subordinated |
| 11 | BASEL III AT 2023-24 Series II | February 14, 2024 | 2,000.00 | 2,000.00 | Unsecured Subordinated |
| 12 | CB LTB 2034 | July 19, 2024 | 10,000.00 | 10,000.00 | Unsecured Subordinated |
| 13 | BASEL III AT 2024-25 Series I | August 29, 2024 | 3,000.00 | 3,000.00 | Unsecured Subordinated |
| 14 | BASEL III TIER II 2024-25 Series I | March 18, 2025 | 4,000.00 | 4,000.00 | Unsecured Subordinated |
| 15 | BASEL III AT I 2025-26 Series I | December 02, 2025 | 3,500.00 | 3,500.00 | Unsecured Subordinated |
| 16 | BASEL III TIER 11 2025-26 Series I | February 27, 2026 | 5,000.00 | 5,000.00 | Unsecured Subordinated |
The certificate confirms that the bank has adhered to all covenants concerning these listed unsecured non-convertible debt securities.
CANBK Stock Price Movement
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