Canara Bank in Focus Today: Board Approves ₹8,500 Crore Capital Raising Plan for FY27

Shares of $CANBK are likely to remain in focus on June 3, 2026, after the bank's board approved a capital-raising plan of up to ₹8,500 crore for FY27. The fundraising will be carried out through Basel III-compliant debt instruments, aimed at strengthening the bank’s capital base and supporting future growth. As part of the plan, Canara Bank intends to raise up to ₹4,500 crore through Additional Tier-I (AT-I) Bonds and up to ₹4,000 crore through Tier-II Bonds. The move is expected to enhance the bank’s capital adequacy position while providing flexibility to meet business expansion and regulatory requirements. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.