Canara Bank raises Rs 2,042 crore via Tier I Bonds

Canara Bank has raised Rs 2,042 crore, 8.10% Unsecured, Subordinated, Listed, Rated, Non-Convertible, Perpetual, Fully-paid-up, Taxable, Basel III Compliant Additional Tier I Bonds in the nature of Debentures of face Value Rs 1 crore each. The bonds were allotted on September 18, 2026 and will be listed on NSE. 

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.