Latest News | Canara Bank Raises Rs 1,635 Crore Via Bonds
Get latest articles and stories on Latest News at LatestLY. State-owned Canara Bank on Thursday said it has raised Rs 1,635 crore through bonds, to fund business growth.
New Delhi, Dec 31 (PTI) State-owned Canara Bank on Thursday said it has raised Rs 1,635 crore through bonds, to fund business growth.
The capital was raised by issuing additional tier-1 bonds at 8.50 per cent coupon on December 31, the bank said in a statement.
The fund raise will help the bank boost its capital adequacy ratio, it said.
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