State-owned Canara Bank has announced a capital raising plan of ₹9,500 crore for FY26, aimed at strengthening its financial position and supporting future growth.
Fundraising Details
- Total Capital Raise: ₹9,500 crore
- Breakdown:
- ₹6,000 crore via Tier II bonds
- ₹3,500 crore via Additional Tier I (AT1) bonds
- Regulatory Compliance: The issuance will be Basel III-compliant, ensuring capital adequacy and risk management.
Market Impact & Financial Performance
- Stock Performance: Canara Bank’s shares closed at ₹115.70, down 1.20% on the BSE.
- Q4 Earnings: The bank reported a 33% YoY rise in net profit, reaching ₹5,002.7 crore, with improved asset quality.
- NPA Reduction: Gross NPA ratio improved to 2.94%, while net NPA fell to 0.70%.
Future Outlook
With strong financial buffers and strategic capital infusion, Canara Bank is poised for sustained growth in the coming fiscal year.
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