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Canara Bank gets nod to raise Rs 9000 crore via Debt Instruments in FY23

24 Jun 2022 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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