Canara Bank to Exercise Call Option on ₹4,000 Crore Bonds

has decided to exercise the call option on its Basel III-compliant Additional Tier I (AT1) bonds worth ₹4,000 crore. The proposed exercise remains subject to approval from the Reserve Bank of India (RBI). The move represents an important capital-market development for the bank and relates to its outstanding AT1 bond obligations. If approved by the RBI, the exercise of the call option would allow the bank to proceed with the redemption of the specified bonds in accordance with the applicable regulatory framework and terms of the issue. Investors will closely track the RBI approval and subsequent steps as the bank progresses with the proposed AT1 bond redemption. Stock to watch in coming sessions.