Canara Bank to raise ₹4,500 cr through additional bonds

Canara Bank on Thursday (September 10, 2026) said it would raise up to ₹4,500 crore through Basel III-compliant Additional Tier 1 (AT-1) bonds.

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This offer of issuance is part of a capital-raising proposal where the Bank has been authorised by its Board of Directors to raise an amount of ₹4,500 crore through AT-1 bonds and ₹4,000 crore through Tier 2 bonds, as per a statement issued by the Bengaluru-based lender.

The proposed AT-1 bonds would be perpetual debt instruments with a call option of 5 years, subject to regulatory clearance. These bonds have been rated as “AA+; Stable” by ICRA Ratings and “AA+; Stable” by India Ratings, claimed the bank.

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Canara Bank to raise ₹4,500 cr through additional bonds

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