Corporate News Details

Board of Canara Bank approves capital raising up to Rs 8,500 cr for FY 2027

(02-Jun-26   18:15)

The board of Canara Bank in its meeting held today on 02 June 2026 has approved the Capital Raising Plan of the Bank for the financial year 2026-27 amounting upto Rs.8,500 crore by way of Debt Instruments (Additional Tier I/Tier II Bonds).

Further, out of the above Capital Raising Plan, the Board of Directors of the Bank has approved the following:

• To raise Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs.4,500 crore during the FY 2026-27, subject to market conditions and necessary approvals.
• To raise Capital through Basel III Compliant Tier II Bonds to the extent of Rs.4,000 crore during the FY 2026-27, subject to market conditions and necessary approvals.