Coverage
Canara Bank
Canara Bank Raises ₹2,042 Crore via Basel III AT1 Bonds at 8.10% Coupon; Attracts 111 Bids
The private placement offering, carried out via the National Stock Exchange’s (NSE) electronic bidding platform (EBP) on September 16, 2026, witnessed healthy institutional participation, logging 111 bids across mutual funds, pension funds, insurance firms, and corporate treasury desks.
RBI clears Canara Bank veteran Mahesh Pai as new MD & CEO of South Indian Bank
Pai takes over from P. R. Seshadri on October 1, bringing decades of large-scale retail distribution experience to a bank mid-way through a retail-led turnaround.
Canara Bank recovers ₹303 crore from Rajesh Exports default via DRT
The recovery required no fresh P&L hit, as the bank had already fully provisioned the exposure. It signals an escalation in Indian lenders' debt recovery tactics.
RBI penalizes Canara Bank for KYC delays and account misclassification lapses
The regulator flagged two operational deficiencies during a statutory inspection: failure to upload customer KYC records to the central registry on time, and improper classification of active accounts as inoperative.
Canara Bank opens bids to offload ₹577 crore Supreme Housing exposure
The lender has launched a Swiss challenge process to sell its debt to the real estate developer. This is not connected to the housing finance company of the same name.
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