Canara Bank ICRA Ratings Reaffirmed: Tier I & II Bonds, CD Rated Top

Bengaluru, March 9, 2026: Canara Bank has received a reaffirmation of its credit ratings from ICRA, one of India’s leading rating agencies, reflecting the bank’s strong financial health and operational stability.

According to the ratings announced today, Canara Bank’s Basel III Tier I Bonds worth ₹11,000 crore have been reaffirmed at [ICRA]AA+ (Stable). Its Basel III Tier II Bonds totaling ₹11,500 crore received a [ICRA]AAA (Stable) rating, while Certificates of Deposit amounting to ₹20,000 crore were rated [ICRA]A1+, reaffirmed or assigned for the enhanced amount.

The reaffirmation highlights Canara Bank’s robust capital position, sound risk management practices, and consistent operational performance. These ratings indicate that the bank is well-positioned to meet its financial obligations while maintaining stability, even in challenging market conditions.

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Santosh Kumar Barik, Company Secretary of Canara Bank, confirmed that the ratings received from ICRA reflect the bank’s ongoing commitment to strong governance, transparency, and prudent financial management.

The bank said that this reaffirmation will further strengthen investor confidence and underline Canara Bank’s ability to maintain high standards in its debt instruments.

About Canara Bank:
Canara Bank is a leading public sector bank headquartered in Bengaluru, with a significant presence across India. Known for its customer-focused approach and prudent financial practices, the bank continues to be a trusted institution for both retail and corporate customers.