The ₹5,000 crore issuance would help Canara Bank fortify its capital basis and fund its future expansion aspirations, as the bank said today that it intends to access the Tier 2 bond market. Thursday, February 26, 2026, is the scheduled date for the issue on the National Stock Exchange’s Electronic Bidding Platform.
The Tier 2 bonds that Canara Bank plans to issue can comply with Basel III and can raise a maximum of 5,000 crore. A base issue of 2,000 crore and a green shoe option of up to 3,000 crore make up the anticipated jump, which allows the bank to adapt to strong investor demand.
