Canara Bank news update:
State-owned Bank announced on Friday that its board has approved raising Rs 8,500 crore through bonds to support business growth in 2024-25. The decision was made during a meeting held on Friday. According to a regulatory filing, the board approved raising Rs 4,000 crore through Basel III Compliant Additional Tier I Bonds, subject to market conditions and necessary approvals. Additionally, the board approved raising Rs 4,500 crore through Basel III Compliant Tier II Bonds.
