Canara Bank board approves Rs 9000-crore capital raising plan - Economic Times

The bank would look to raise Rs 5500 crore through Basel III compliant additional tier 1 bonds, while the target to raise through tier 2 bonds is fixed at Rs 3500 crore. The timing and extent of fundraising would however entirely depend on the market conditio…

State-owned 's board on Friday approved a Rs 9,000 crore capital raising plan through a combination of additional tier-1 and tier-2 bonds while the lender has no equity expansion plan this fiscal. T… [+809 chars]

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