New Delhi, Feb. 10 -- Public sector bank (PSB) Canara Bank has decided to exercise call option on Basel III-complaint Additional Tier-I Bond and Tier-II Bond. For this purpose, the PSU lender has also announced the record date, according to an exchange filing shared by the company on Monday, February 10.

Canara Bank has decided to exercise the call option and pay interest and redemption amount concerning the 9.55% unsecured, non-convertible Basel-III compliant additional Tier-I bond on March 5, 2015. The bank plans to exercise the call option on March 5, 2025. The company said it has already received the Reserve Bank of India's (RBI) approval for the same.

For this purpose, the bank has set Tuesday, February 19 as the record date for th...