Canara Bank to raise up to Rs 3K cr via Basel III-compliant bonds

State-owned Canara Bank said it would raise up to Rs. 3,000 crore by issuing Basel III-compliant bonds. The decision was taken at the bank’s board meeting held on Wednesday, it said in a regulatory filing. The board has decided to raise additional tier-I capital through Basel III-compliant additional tier-I perpetual bonds in rupee terms for an amount not exceeding Rs. 3,000 crore, it added.

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