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Canara Bank May Raise Up To Rs 4,000 Crore Via Tier II Bonds
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Canara Bank May Raise Up To Rs 4,000 Crore Via Tier II Bonds
State-owned Canara Bank on Thursday said it is proposing to raise up to Rs 4,000 crore through Basel III compliant Tier II Bonds.The bond will have a tenor of 10 years with five-year call option, Canara Bank said in a statement.The bank's board had approved to raise capital by way of Basel III Compliant Additional Tier I Bonds of Rs 4,000 crore and Tier II Bonds of Rs 4,500 crore during 2024-25.Of this, the bank had already raised Tier I bonds o…
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