Canara Bank to raise up to ₹5,000 crore via Tier 2 bonds
Published on 24/02/2026 02:57 PM
Canara Bank to raise up to ₹5,000 crore via Tier 2 bondsCanara Bank plans to raise up to ₹5,000 crore via Basel III-compliant Tier 2 bonds on February 26, 2026, through NSE to strengthen its capital base and support business growth.By Anshul February 24, 2026, 2:57:00 PM IST (Published)1 Min ReadState-owned lender Canara Bank on Tuesday (February 24) said it plans to raise up to ₹5,000 crore through the issuance of Basel III-compliant Tier 2 bonds to strengthen its capital base and support business growth.
The bank will launch the bond issue on February 26, 2026, via the Electronic Bidding Platform of the National Stock Exchange.
According to the statement, the proposed fundraising comprises a base issue size of ₹2,000 crore along with a green shoe option of up to ₹3,000 crore. The structure will allow the bank to retain additional subscription in case of strong investor demand.
Tier 2 bonds form part of a bank’s regulatory capital under Basel III norms and are typically used to bolster overall capital adequacy and support credit expansion.
The fundraising comes as banks look to shore up capital buffers amid credit growth and evolving regulatory requirements.
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