“This is to inform the Stock Exchanges that the Board of Directors of the Bank, in its meeting held today on 12.06.2025 has approved the Capital Raising Plan of the Bank for the financial year 2025-26 amounting upto Rs 9,500 Crore by way of Debt Instruments (Additional Tier I/Tier II Bonds),” the bank stated in a stock exchange filing.
Also Read: Canara Bank Q3 results: Net profit rises 12%, asset quality improves
The fundraising will be conducted via Basel III-compliant bonds, split between ₹6,000 crore in tier II bonds and ₹3,500 crore in additional tier I (AT1) bonds. Both tranches are subject to prevailing market conditions and necessary regulatory approvals.Q4
Canara Bank reported a 33% year-on-year (YoY) rise in net profit at ₹5,002.7 crore against ₹3,757 crore in the year-ago quarter. The PSU lender’s net interest income (NII), the difference between interest earned and interest expended, for the March quarter inched up 1.4% YoY to ₹9,442 crore, compared to ₹9,580 crore in the same quarter last year.
Canara Bank’s NII and operating profit were higher than estimates. The bank’s gross non-performing assets (GNPA) ratio improved to 2.94% in the quarter, down from 3.34% in December 2024. Net NPA ratio improved to 0.70% from 0.89% in the last quarter.
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The provision coverage ratio (PCR) stood at 92.70% in Q4 against 91.26% in Q3FY25. The bank’s slippages stood at ₹2,702 crore over ₹2,464 crore in the previous December quarter. The figure was also higher than estimates of ₹2,650 crore.
Shares of Canara Bank Ltd ended at ₹115.70, down by ₹1.40, or 1.20%, on the BSE.
(Edited by : Shoma Bhattacharjee)
