The sale of Basel III-compliant tier 2 bonds is scheduled on February 26, the bank declared Tuesday.
In November, the state-owned lfinisher raised the advance growth tarreceive to 13% for the fiscal year from an earlier projection of 10-11%.
The bank has board approval for raising Rs 6,000 crore in tier-2 bonds and Rs 3500 crore via additional tier 1 (AT1) bonds. The bank also has plans to plough back profits to augment the capital adequacy ratio.
Canara Bank’s capital to risk (weighted) assets ratio (CRAR) stood at 16.50% as of December 31, 2025.
Earlier in January, bank managing director Hardeep Singh Ahluwalia informed ET that the bank would raise capital by selling tier 2 bonds before the finish of the fiscal year.
Earlier, in November 2025, the lfinisher raised Rs 3,500 crore in additional tier 1 bonds.Its gross advances increased 14% year-on-year to Rs 11.92 lakh crore at the finish of December 31 last year, largely buoyed by a near 19% expansion of retail, agricultural and micro, tiny and medium enterprises (RAM) advances. Corporate credit grew at a slower 7% rate.
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