Canara Bank, a leading nationalized bank, has decided to raise Rs 3,000 crore on a private placement basis by issuing Basel-III compliant tier-II bonds. The Board of Directors of the bank at its meeting held on March 21, 2016, has permitted to raise Capital of Rs 3000 crore through issue of BASEL-Ill Compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth and maintain comfortable level of CRAR.
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.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1040.75 |
| PNB | 107.55 |
| Bank Of Baroda | 274.30 |
| Canara Bank | 127.10 |
| Union Bank Of India | 175.65 |
| View more.. | |
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