Canara Bank received a credit rating of [ICRA]AA+ (Stable) for its Tier I bonds, confirming its strong financial position with a total rated amount of Rs. 17,900 crore. This includes the assignment of Rs. 4,000 crore for new Basel III Tier I bonds and a reaffirmation of the existing Rs. 5,000 crore Tier I bonds and Rs. 8,900 crore Tier II bonds.