Canara Bank's Board of Directors, in a meeting held on June 2, 2026, approved a comprehensive capital raising plan for the financial year 2026-27. The meeting commenced at 3:00 PM IST and concluded at 5:10 PM IST.
The board approved raising capital up to ₹8,500 crore through debt instruments, specifically Additional Tier I and Tier II Bonds that are compliant with Basel III regulations.
The capital raising plan is structured as follows:
- ₹4,500 crore through Basel III compliant Additional Tier I Bonds during FY 2026-27
- ₹4,000 crore through Basel III compliant Tier II Bonds during FY 2026-27
Both components of the capital raising plan are subject to market conditions and obtaining necessary approvals. The disclosure was made pursuant to Regulation 29(1) and 50(1) of SEBI (LODR) Regulations, 2015.
The communication was digitally signed by Santosh Kumar Barik, Company Secretary, on June 2, 2026, at 17:22:21 IST, and addressed to both BSE Limited and the National Stock Exchange of India Limited.