Canara Bank has informed the Exchange about Credit Rating
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ICRA has reaffirmed its credit ratings on Canara Bank's instruments: Basel III Tier I Bonds of Rs. 11,000 crore at [ICRA]AA+ (Stable), Basel III Tier II Bonds of Rs. 11,500 crore at [ICRA]AAA (Stable), and Certificate of Deposits at [ICRA]A1+. The Certificate of Deposit limit was enhanced from Rs. 10,000 crore to Rs. 20,000 crore. The ratings reflect the bank's sovereign ownership (Government of India holds 62.93%), its position as the 4th largest public sector bank, and a market share of 5.91% in net advances and 6.55% in total deposits. Asset quality improved with gross NPAs falling to 2.08% as of December 31, 2025, from 3.34% a year earlier. Capital ratios remain strong with CET1 at 12.37% and the bank reported healthy profitability with RoA of 1.12% in 9M FY2026.
The ratings reaffirmation signals continued confidence in Canara Bank's creditworthiness and stability, which is positive for bondholders and depositors. The expanded Certificate of Deposit limit enhances the bank's short-term funding capacity. No negative implications for shareholders or stock price as ratings remain at highest levels with a Stable outlook.