Short-Term Debt
Canara Bank raises INR 32 bln via Nov CD at 6.88% Mon
This story was originally published at 13:49 IST on 29 June 2026
Register to read our real-time news.Informist, Monday, Jun. 29, 2026
By Nandini Sinha
MUMBAI – Canara Bank Monday raised INR 32 billion through the issuance of a certificate of deposit maturing on Nov. 30 at 6.88%, a dealer at the bank told Informist. Monday, the rate on an 'AAA'-rated three-month CD was 6.50%, down from 6.56-6.60% Thursday, while rates on six-month CDs rose to 6.80-6.85% from 6.60-6.70% Thursday. Rates on nine-month CDs were at 6.85-6.90%. The money market was shut on Friday for Muharram.
For the March quarter, Canara Bank reported a net profit of INR 45.06 billion and total income of INR 366.62 billion. At 1339 IST, shares of the lender were down over 2% at INR 126.10 apiece on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
