Canara Bank to Raise Capital Through Tier 2 Bonds
Canara Bank is set to raise upto ₹ 5000 crore through Basel III-compliant Tier 2 bonds. The proposed raise comprises a base issue of ₹2,000 crore with a green shoe option of up to ₹3,000 crore, enabling the bank to respond flexibly to robust investor appetite.
Bengaluru, February 24, 2026: Canara Bank today announced plans to tap the Tier 2 bond market, launching a ₹ 5000 crore issue to strengthen its capital base and support future growth plans. The issue is scheduled on Thursday, 26th February 2026, on the Electronic Bidding Platform of the National Stock Exchange.
Canara Bank is set to raise upto ₹ 5000 crore through Basel III-compliant Tier 2 bonds. The proposed raise comprises a base issue of ₹2,000 crore with a green shoe option of up to ₹3,000 crore, enabling the bank to respond flexibly to robust investor appetite.