Canara Bank — Credit Ratings, 09-03-2026: Credit Rating

ICRA has reaffirmed Canara Bank's credit ratings. Basel III Tier I Bonds hold an [ICRA]AA+(Stable) rating, and Basel III Tier II Bonds are rated [ICRA]AAA(Stable). The Certificate of Deposit (Rs. 20,000 Cr) also sees its [ICRA]A1+ rating reaffirmed/assigned for the enhanced amount. This reflects Canara's strong government backing, robust financials, and improving asset quality.