Canara Bank has received approval for capital raising plan for the financial year 2022-23 (FY23) amounting up to Rs 9000 crore by way of Debt Instruments (Additional Tier I / Tier II Bonds). The Board of Directors of the bank in its meeting held on June 24, 2022 has approved 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.