Canara Bank to raise ₹4,500 cr through additional bonds
Canara Bank plans to raise ₹4,500 crore through Basel III-compliant Additional Tier 1 bonds to strengthen its capital base. The issuance is scheduled for September 16, 2026, and follows a period of sustained business growth for the lender.
Why it matters
This capital infusion is critical for the bank to maintain financial resilience and support ongoing expansion in retail, agriculture, and corporate lending sectors.
Canara Bank on Thursday (September 10, 2026) said it would raise up to ₹4,500 crore through Basel III-compliant Additional Tier 1 (AT-1) bonds.
This offer of issuance is part of a capital-raising proposal where the Bank has been authorised by its Board of Directors to raise an amount of ₹4,500 crore through AT-1 bonds and ₹4,000 crore through Tier 2 bonds, as per a statement issued by the Bengaluru-based lender.
The proposed AT-1 bonds would be perpetual debt instruments with a call option of 5 years, subject to regulatory clearance. These bonds have been rated as “AA+; Stable” by ICRA Ratings and “AA+; Stable” by India Ratings, claimed the bank.
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