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.