Canara Bank’s subsidiary, Can Fin Homes will raise up to Rs 6,000 crore by issuing secured redeemable non-convertible debentures on private placement basis. The board of directors at their meeting held on May 15, 2017 has considered a proposal for the same.
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.