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

17 Oct 2016 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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