India Ratings and Research (Ind-Ra) has affirmed Canara Bank's Long-Term Issuer Rating at ‘IND AAA'. The Outlook is Stable. The instrument-wise rating actions are as follows:
| Instruments |
Amount (Rs crore) |
Rating |
| Basel III ATI Bonds |
4,000 |
IND AA+/ Stable |
| Infrastructure Bonds |
10,000 |
IND AAA/ Stable |
| Basel III Tier 2 instruments (yet to be issued) |
12,900 |
IND AAA/ Stable |
| Basel III AT1 bonds |
12,436.1 |
IND AA+/ Stable |