Canara Bank has received an approval to raise capital funds through Additional Tier I instruments (AT-I Bonds) in rupee terms domestically for an amount not exceeding Rs 1800 crore in single or multiple tranches to maintain healthy CRAR during current year. The Board of the company vide its order dated December 12, 2017 has permitted 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.