Canara Bank Board Approves Capital Raising Plan of Up to Rs. 8,500 Crore for FY 2026-27
Canara Bank has announced that its Board of Directors approved a comprehensive Capital Raising Plan for the financial year 2026-27. The plan involves mobilizing up to Rs. 8,500 Crore through the issuance of various Debt Instruments, specifically Additional Tier I and Tier II Bonds.The bank detailed the structure of the capital infusion plan, which is designed to strengthen its balance sheet through debt instruments.
Out of the total capital raising plan of Rs. 8,500 Crore, the Board of Directors approved the following specific raises:
| Bond Type | Compliance Standard | Target Amount (FY 2026-27) |
|---|---|---|
| Additional Tier I Bonds | Basel III Compliant | Rs. 4,500 Crore |
| Tier II Bonds | Basel III Compliant | Rs. 4,000 Crore |
The bank noted that both capital raises are subject to market conditions and necessary approvals.
The meeting of the Bank's Board of Directors was held on June 2, 2026. The session commenced at 03:00 P.M (IST) and concluded at 05:10 P.M (IST).
CANBK Stock Price Movement
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