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.