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Care Ratings upgrades Canara Bank’s bonds rating

25 Nov 2021 Evaluate

Credit rating agency -- Care Ratings has revised/upgraded the rating of Canara Bank’s Additional Tier I Bonds (Basel III) to 'AA+’; Stable. Care Ratings has also reaffirmed its rating on Bank's Tier II Bonds (Basel III) to ‘AAA’; Stable.

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 981.60
PNB 115.80
Bank Of Baroda 235.55
Canara Bank 123.30
Union Bank Of India 177.55
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