Money & Banking

Canara Bank to raise ₹2,500 crore

PTI Mumbai | Updated on January 16, 2018 Published on October 14, 2016

Canara Bank said on Friday that it will raise up to ₹2,500 crore in one or more tranches by issuing Basel-III compliant bonds.

The bank said the capital is being raised to maintain healthy CRAR during the current financial year. It further said the board has also approved constituting a ‘bond committee’ to determine the structure of the issue size, tenor, coupon, timing of the issue, date of allotment, listing and other matters connected to the issue.

Published on October 14, 2016
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