Canara Bank's Basel III bonds rated [ICRA]AA+(Stable) & [ICRA]AAA(Stable); CDs rated [ICRA]A1+
ICRA has reaffirmed Canara Bank's Basel III Tier I bonds at [ICRA]AA+(Stable) for ₹11,000 crore and Basel III Tier II bonds at [ICRA]AAA(Stable) for ₹5,000 crore. CDs of ₹10,000 crore also reaffirmed at [ICRA]A1+. The bank's total assets stood at ₹18.15 lakh crore as of December 31, 2025.
Credit ratings are important for a bank's ability to raise debt and influence borrowing costs. Positive ratings can enhance investor confidence and facilitate access to capital markets, impacting the bank's funding capabilities and overall financial strategy.
The credit ratings for Canara Bank's Basel III instruments and Certificates of Deposit have been reaffirmed at stable or assigned, indicating a positive assessment of the bank's financial health and creditworthiness by ICRA.
Canara Bank has received credit ratings from ICRA for its various Basel III instruments and Certificates of Deposit (CDs).
The Basel III Tier I Bonds, with a current rated amount of ₹11,000 crore, have been reaffirmed at [ICRA]AA+(Stable). The bank has also assigned [ICRA]AAA(Stable) rating to its Basel III Tier II Bonds amounting to ₹5,000 crore. Existing Basel III Tier II Bonds of ₹6,500 crore have been reaffirmed at [ICRA]AAA(Stable). Additionally, Basel III Tier II Bonds of ₹2,400 crore, which were reaffirmed at [ICRA]AAA(Stable), have now been withdrawn as they have been fully redeemed.
Certificates of Deposit (CDs) of ₹10,000 crore have been reaffirmed at [ICRA]A1+.
The ratings factor in Canara Bank's strong franchise, sovereign ownership, robust deposit base, and healthy profitability and capitalization. ICRA expects the bank to maintain a steady credit profile with stable asset quality and healthy profitability and capitalization. The stable outlook reflects this expectation. The bank's total asset base was ₹18.15 lakh crore as of December 31, 2025.
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Canara Bank filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Canara Bank. Read the original for the full detail.