Debasis Mohapatra
Bengaluru, 3 June 2026
Public sector bank, Canara Bank is on focus on Wednesday after its board approved a plan to raise up to Rs 8,500 crore in capital via debt instruments during current financial year (FY27).
As part of the fund raising plan, the Bengaluru-headquartered lender will raise capital up to Rs 4,500 crore through Basel III-compliant Additional Tier I Bonds and Rs 4,000 crore via Tier II Bonds for FY27.
“The Stock Exchanges are hereby informed that the Board of Directors of the Bank in its meeting held today on 02.06.2026, has approved the Capital Raising Plan of the Bank for the financial year 2026-27 amounting up to Rs 8,500 Crore by way of Debt Instruments (Additional Tier I/Tier II Bonds),” the bank said in an exchange filing.
This week, the bank has said that the government has appointed Bajesh Kumar Singh as the Managing Director & Chief Executive Officer (CEO) of Canara Bank, with effect from June 1, 2026. The new MD & CEO will hold office till April 30, 2029, or until further orders, whichever is earlier, the bank has said.
Canara Bank posted 10% decline in its standalone net profit to Rs 4,505.57 crore in the fourth quarter of the FY26, compared with Rs 5,002.66 crore a year-ago. Its non-performing assets (NNPA) stood at 0.43% for Q4 of FY26, down from 0.70% last year.
