Canara Bank fundraising: Canara Bank share price added 1% on Tuesday, February 24, said it plans to raise up to ₹5,000 crore by issuing Tier 2 bonds as part of its efforts to bolster capital adequacy and fund future growth.
In a press release, the public sector lender said the fundraising is aimed to “strengthen its capital base and support future growth plans.” The proposed Basel III-compliant Tier 2 bond issue will comprise a base size of ₹2,000 crore, along with a green shoe option of up to ₹3,000 crore.
Tier 2 bonds are long-term subordinated debt instruments that banks use to enhance their capital structure and meet regulatory requirements.
The bond issue is scheduled for Thursday, February 26, 2026, and will be conducted through the electronic bidding platform of the National Stock Exchange (NSE).
Canara Bank Share performance
The PSU stock advanced as much as 1% to its intra-day high of ₹158.55. It is just 1.4% away from its 52-week high of ₹160.80, hit in January 2026. Meanwhile, it touched its 52-week low of ₹78.58 in March 2025.
more to come….