Canara Bank has raised Rs 5,000 crore through the allotment of 7.24% Unsecured, Subordinated, Listed, Rated, Non-Convertible, Redeemable, Fully-paid-up, Taxable, Basel III Compliant Tier II Bonds in the nature of Debentures of face Value Rs 1 crore each. The bonds were allotted on February 27, 2026 and will be listed on NSE.
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.
