Canara Bank announced that CRISIL Ratings has upgraded the Bank's Tier I Bonds (under Basel III) to 'CRISIL AA+/Stable' from 'CRISIL AA/Stable'. CRISIL Ratings has also reaffirmed its 'CRIS IL AAA/Stable/CRISIL A I+' ratings on the Tier II Bonds (under Basel III) and Lower Tier II bonds (under Basel II), and the short-term rating on the certificate of deposit.
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