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At meeting held on 12 June 2025
Board of Canara Bank approves capital raising plan for FY 2026
12-Jun-2025, 06:09
The Board of Canara Bank at its meeting held on 12 June 2025 has approved the capital raising plan of the Bank for the financial year 2025-26 amounting upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds).
The Board of Canara Bank at its meeting held on 12 June 2025 has approved the capital raising plan of the Bank for the financial year 2025-26 amounting upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds).
Further, out of the above capital raising plan, the Board of Directors of the Bank has approved the following:
1. To raise capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 3,500 crore during the FY 2025-26, subject to market conditions and necessary approvals.
2. To raise capital through Basel III Compliant Tier II Bonds to the extent of Rs 6,000 crore during the FY 2025-26, subject to market conditions and necessary approvals.
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