Canara Bank has raised Rs 1,635 crore through issuance and allotment of Basel III Compliant Additional Tier I Bonds at 8.50 per cent coupon on December 31, 2020. The funds raise will help the bank boost its capital adequacy ratio.
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.