Board of Canara Bank approves capital raising up to Rs 9000 cr in FY23

26 Jun 2022 , 01:33 AM

The Board of Canara Bank at its meeting held on 24 June 2022 has approved capital raising plan for financial year 2022-23 as follows 1 To raise Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 5500 Crore during the FY 2022-23 subject to market conditions and necessary approvals 2 To raise Capital through Basel III Compliant Additional Tier II Bonds to the extent of Rs 3500 Crore during the FY 2022-23 subject to market conditions and necessary approvals