Canara Bank’s Board of Directors has approved a significant capital raising plan for the financial year 2026-27. The plan includes raising up to ₹8,500 Crore through debt instruments, specifically Basel III compliant Additional Tier I and Tier II Bonds. An amount of ₹4,500 Crore will be raised via Additional Tier I Bonds and ₹4,000 Crore via Tier II Bonds, subject to market conditions and necessary approvals.
Canara Bank’s Strategic Capital Infusion
In a key strategic move, the Board of Directors at Canara Bank has given its approval for a substantial capital raising plan. This plan is designated for the upcoming financial year, 2026-27. The total amount earmarked for this capital infusion is up to ₹8,500 Crore. This fundraising will be conducted through the issuance of debt instruments, specifically focusing on Basel III compliant Additional Tier I and Tier II Bonds.
Breakdown of Capital Raising
The approved capital raising plan is detailed into two primary components. Firstly, the bank intends to raise ₹4,500 Crore through the issuance of Basel III Compliant Additional Tier I Bonds. Secondly, an amount of ₹4,000 Crore is planned to be raised via Basel III Compliant Tier II Bonds. Both tranches are subject to prevailing market conditions and the acquisition of all necessary regulatory and corporate approvals. This dual approach is aimed at strengthening the bank’s capital base to support future growth and meet regulatory requirements.
Meeting Details
The Board of Directors convened for this significant decision-making meeting on June 2, 2026. The meeting commenced at 03:00 P.M. (IST) and successfully concluded at 05:10 P.M. (IST), indicating a focused and efficient deliberation process.
Source: BSE
