Canara Bank (CANBK) — Corporate Action

Canara Bank successfully raised ₹5,000 crores through issuance of Basel III Compliant Tier II Bonds at 7.24% coupon, with a 10-year maturity ending February 27, 2036. The bonds are unsecured, subordinated, and non-convertible, carrying a call option after five years. All 5,000 bonds of ₹1 crore face value each were fully subscribed and allotted on February 27, 2026, with annual interest payments commencing February 27 each year.

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About Canara Bank (CANBK)

Financial Services · Banks · Listed on NSE

Market Cap: ₹1,16,167.83 Cr P/E: 6.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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