Canara Bank board approves Rs 9000-crore capital raising plan - Business News: Latest News & Videos about market and economy | Trendmergers

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Canara Bank board approves Rs 9000-crore capital raising plan

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 conditions, the bank said in a regulatory filing to stock exchanges.

from Stocks-Markets-Economic Times
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