MoneyWorks4Me

Canara Bank informs about company updates

01 Jan 2016 Evaluate

Canara Bank has informed that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier-II Bonds amounting to Rs 1500 Crore by way of Private Placement. Accordingly, the Bank has successfully raised Rs 1500 Crore under BASEL-III Compliant Tier-II Bonds on December 31, 2015 with a coupon of 8.40% PA.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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