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CARE assigns rating for Canara Bank's bond instrument

04 Mar 2020 Evaluate

Credit rating agency -- CARE has assigned the AAA (Credit watch with developing implications) rating for Canara Bank's proposed Rs 3000 crore Basel III Compliant Tier II Bonds.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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