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Canara Bank raises Rs 1,635 crore via bonds

01 Jan 2021 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 959.05
PNB 111.70
Bank Of Baroda 233.10
Canara Bank 118.95
Union Bank Of India 167.50
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