Canara Bank has received approval from Board of Directors to raise upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds) for the financial year 2025-26.
Further, out of the above Capital Raising Plan, the bank has received approval to raise Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 3,500 crore during the FY 2025-26, subject to market conditions and necessary approvals and to raise Capital through Basel III Compliant Tier II Bonds to the extent of Rs 6,000 crore during the FY 2025-26, subject to market conditions and necessary approvals. The Board of Directors of the Bank in its meeting held on June 12, 2025 has approved the Capital Raising Plan of the Bank.
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.
