Canara Bank has received an approval from the Bond Committee to raise additional capital of Rs 1,000 crore through issue of BASEL-III complaint Tier-II Bonds (Series-II). The bank has received reaffirmation of ‘AAA / Stable’ rating from CRISIL and confirmation of ‘AAA (hyb)’ rating from ICRA for the proposed issue of the said Bonds.
Canara Bank has reported 42.39% fall in its net profit at Rs 409.35 crore for third quarter ended December 31, 2013 as compared to Rs 710.51 crore for the same quarter in the previous year. However, Total income of the bank has increased by 16.45% at Rs 10935.29 crore for quarter under review as compared to Rs 9390.29 crore for the quarter ended December 31, 2012.
