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