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17-Oct2016

Canara Bank to raise Rs 2,500 crore through bond issue

Canara Bank, a leading nationalized bank, has decided to raise up to Rs 2500 crore in one or more tranches by issuing Basel-III compliant bonds. The Bank is raising this capital to maintain healthy CRAR (Capital to Risk (Weighted) Assets Ratio) during the current financial year.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.


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