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Canara Bank Approves ₹8,500 Crore FY27 Capital Plan and CEO Appointment

Canara Bank logoCanara Bank
Sig4.18Sen+3.65Env0.00Soc0.00Gov+1.80

Canara Bank’s board approved an ₹8,500 crore capital raising plan for FY27 via Basel III compliant Additional Tier I and Tier II bonds—₹4,500 crore AT1 and ₹4,000 crore Tier II—sanctioned on June 2, 2026. The bank also appointed Brajesh Kumar Singh as MD & CEO effective June 1, 2026, for a term until April 30, 2029 or earlier orders.

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