Canara Bank approves ₹8,500 crore capital plan for FY27

Canara Bank has approved a capital raising plan of ₹8,500 crore for FY27 through Basel III Compliant Additional Tier I and Tier II Bonds. The Board of Directors sanctioned the proposal during a meeting held on June 2, 2026, at the Head Office in Bengaluru. The fund raise aims to strengthen the bank's capital base and is subject to market conditions and necessary approvals.

Capital Raising Breakdown

The approved plan is divided into two specific tranches of debt instruments. The bank will raise ₹4,500 crore through Basel III Compliant Additional Tier I Bonds. Additionally, it will raise ₹4,000 crore via Basel III Compliant Tier II Bonds. Both issuances are scheduled for the financial year 2026-27.

Instrument Type	Amount
Basel III Compliant Additional Tier I Bonds	₹4,500 crore
Basel III Compliant Tier II Bonds	₹4,000 crore
Total Capital Raising Plan	₹8,500 crore

Meeting Details

The Board meeting commenced at 03:00 P.M IST and concluded at 05:10 P.M IST. The decision was taken in accordance with Regulation 29 (1) & 50 (1) of SEBI (LODR) Regulations, 2015. The filing was submitted by Santosh Kumar Barik, Company Secretary.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.29%	-2.70%	-1.03%	-17.89%	+9.72%	+312.24%

Canara Bank has appointed Shri Brajesh Kumar Singh as its Managing Director & Chief Executive Officer (MD & CEO), effective June 1, 2026. The Central Government appointed him in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Brajesh Kumar Singh assumed charge on June 1, 2026, and will serve until the date of his superannuation on April 30, 2029, or until further orders, whichever is earlier.

Appointment Details

The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details are as follows:

Parameter	Details
Name	Shri Brajesh Kumar Singh
Date of Birth	April 23, 1969
Role	Managing Director & Chief Executive Officer (MD & CEO)
Date of Appointment	June 1, 2026
Tenure	From June 1, 2026 till superannuation on April 30, 2029, or until further orders, whichever is earlier
Relationship with Other Directors	Not related to any Director of the Bank
Debarment Status	Not debarred from holding office by any SEBI or regulatory/statutory authority order

Professional Background

Shri Brajesh Kumar Singh brings over 30 years of experience in the banking industry. Prior to this role, he served as Executive Director of Indian Bank from March 10, 2024, until his appointment as MD & CEO of Canara Bank. At Indian Bank, he oversaw verticals including Retail, MSME, Recovery, Credit Monitoring, Human Resource Management, Human Development, Resources and Government Relations, and Wealth Management.

Before joining Indian Bank, he was Chief General Manager HR at Bank of Baroda. He has also served as Director on the Board of Bank of Baroda UP Gramin Bank. His career includes strategic positions such as Credit Officer, Branch Head, Loan Factory Head, Regional Head, and Zonal Head, as well as an overseas tenure at Durban, South Africa.

Academic Credentials

Shri Brajesh Kumar Singh holds an Agriculture graduate degree from Allahabad Agriculture Institute and an MBA in Finance. He is a Certified Associate of the Indian Institute of Bankers and has completed the Executive Leadership Development Programme at IIM Bangalore.

Regulatory Compliance

The appointment complies with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Canara Bank confirmed that the appointee is not debarred from holding the office of Director by any SEBI order or other regulatory or statutory authority, in accordance with circulars issued by BSE Limited and National Stock Exchange of India Limited, both dated June 20, 2018.