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Canara Bank announced reaffirmations and assignments of ratings across various instruments by ICRA, SEBI, and the RBI. ICRA reaffirmed the [ICRA]AA+(Stable) rating for Basel III Tier I Bonds totaling 11,000.00 and 8,500.00, and the [ICRA]AAA(Stable) rating for Basel III Tier II Bonds totaling 8,500.00, while also reaffirming and withdrawing the rating for an additional Basel III Tier II Bonds tranche of 3,000.00; Certificates of Deposit received a reaffirmed [ICRA]A1+ rating. Additionally, ICRA assigned an [ICRA]AA+ (Stable) rating to Basel III Tier I Bonds amounting to 4,500.00, and reaffirmed ratings for Certificates of Deposit totaling 20,000.00, alongside numerous other Basel III Tier I and Tier II bond tranches and Certificates of Deposit with varying amounts and ratings, some of which were withdrawn following full redemption. The bank’s CET I Capital stands at 12.91% as of June 30, 2026, with Tier I Capital at 15.00%, and expects surplus liquidity to support its cost of funds, while also noting the impact of the transition to the ECL framework.
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