Canara Bank to raise up to INR 85 bln via tier I, tier II bonds in FY27
This story was originally published at 18:05 IST on 2 June 2026
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--Canara Bank to raise up to INR 85 bln in FY27 via bonds
NEW DELHI – Canara Bank's board Tuesday approved a fundraising plan of INR 85 billion for 2026-27 (Apr-Mar). The state-owned bank will raise INR 45 billion through Basel III-compliant additional tier-I bonds and INR 40 billion through Basel III-compliant tier-II bonds, it informed exchanges.
The bank's Basel-III capital adequacy ratio was 17.04% as on Mar. 31, higher than 16.33% reported a year ago and 16.50% a quarter ago. Canara Bank reported a net profit of INR 191.87 billion for FY26, up from INR 170.27 billion reported a year ago. Total income for FY26 grew nearly 8% on year to INR 1.53 trillion.
For FY26, the bank's board had approved raising INR 95 billion, of which INR 35 billion was through additional tier-I bonds and INR 60 billion through tier-II bonds. On Tuesday, the bank's shares ended at INR 129.08 on the National Stock Exchange, up 0.9% from the previous close. End
Reported by Priyasmita Dutta
Edited by Avishek Dutta
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