Canara Bank's Board of Directors has approved a Capital Raising Plan for the financial year 2026-27 amounting up to Rs 8,500 crore through debt instruments. The decision was taken at the Board meeting held on June 2, 2026.
The total capital raise will be executed through issuance of Basel III Compliant Additional Tier I Bonds and Tier II Bonds. The fundraising is subject to prevailing market conditions and receipt of necessary regulatory approvals.
As part of the overall plan, Canara Bank's Board cleared raising up to Rs 4,500 crore through Basel III Compliant Additional Tier I Bonds during FY 2026-27. This tranche will form the AT1 component of the capital programme.
The Board also approved raising up to Rs 4,000 crore through Basel III Compliant Tier II Bonds during the same financial year. The Tier II issuance forms the remaining portion of the Rs 8,500 crore capital raise.
The capital raising exercise is aimed at augmenting Canara Bank's regulatory capital base. The bonds will help strengthen the lender's capital adequacy position in line with Basel III norms.
The Board meeting commenced at 3:00 PM IST and concluded at 5:10 PM IST on June 2, 2026. The filing was made to BSE and NSE under Regulation 29(1) and 50(1) of SEBI (LODR) Regulations, 2015.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.