Canara Bank to raise ₹3,500 crore through ATI Bonds to strengthen its capital base

Canara Bank has emerged arsenic the archetypal slope successful the existent fiscal twelvemonth to pat the Additional Tier-1 (AT1) enslaved market, launching a ₹3,500-crore contented to fortify its superior basal and enactment aboriginal maturation plans, the city-based slope said connected Wednesday.

The slope is raising up to ₹3,500 crore done Basel III-compliant AT1 bonds, with the contented structured astir a basal constituent of ₹1,000 crore and a greenish footwear enactment of ₹2,500 crore to conscionable beardown capitalist demand, it said.

The contented is scheduled for Friday, November 28, connected the Electronic Bidding level of National Stock Exchange.

According to the communique, the AT1 enslaved contented forms portion of the broader superior raising programme of up to ₹9,500 crore for the year, combining Tier-1 and Tier-2 instruments to bolster regulatory superior ratios nether Basel III norms.

New ED

Canara Bank besides announced the assignment of Sunil Kumar Chugh arsenic Executive Director of the bank, with effect from November 24, 2025, for a play of 3 years.