During the meeting of June 24, 2022
The Board of Directors of Canara Bank, at its meeting of June 24, 2022, approved the fundraising plan for the financial year 2022-23 as follows:
1. To raise capital through additional Tier I Basel III compliant bonds of Rs 5,500 Crore in the financial year 2022-23 subject to market conditions and necessary approvals.
2. To raise capital through additional Tier II Basel III compliant bonds of Rs 3,500 Crore in the financial year 2022-23 subject to market conditions and necessary approvals.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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First published: Fri, June 24, 2022. 12:56 PM IST
