Canara Bank has raised Rs 120 crore through Non Convertible, Perpetual, Taxable, Subordinated, Fully Paid Up, Unsecured Basel III Compliant Additional Tier I Bonds Series IV and allotted 8.30%, 1200 bonds on February 02, 2021.
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.