Canara Bank has raised Rs 3000 crore through the allotment of Unsecured Rated Listed Subordinated Non Convertible Fully Paid up Taxable Redeemable Basel III Compliant Tier II Bonds - Series I 2019-20 with a coupon rate of 7.18 per cent.
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.