Board Meeting2 Jun 2026, 05:31 pm
Canara Bank Approves ₹8,500 Cr Capital Raise for FY27
AI Summary
Canara Bank's Board of Directors has approved a capital raising plan of up to ₹8,500 Crore for the financial year 2026-27. The funds will be raised through the issuance of Basel III compliant Additional Tier I Bonds (₹4,500 Crore) and Tier II Bonds (₹4,000 Crore), subject to market conditions and necessary approvals. This move is aimed at strengthening the bank's capital base.
Key Highlights
- Approved capital raising plan of up to ₹8,500 Crore for FY27.
- Plan includes ₹4,500 Cr via Additional Tier I Bonds.
- Plan includes ₹4,000 Cr via Tier II Bonds.
- Capital raise is subject to market conditions and approvals.
Price Impact
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