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Canara Bank to Raise Rs 4,000 Crore via 10-Year Basel III Tier II Bonds

Canara Bank plans to issue ₹4,000 crore in Basel III compliant Tier II bonds with a 10-year tenure and a 5-year call option, strengthening its capital base for FY 2024-25.
Indian Masterminds Stories

State-owned Canara Bank announced on Thursday its plan to raise up to ₹4,000 crore through Basel III compliant Tier II bonds. These bonds will have a tenure of 10 years with a call option after five years, the bank stated.

Earlier, the bank’s board had approved raising capital through Basel III compliant Additional Tier I Bonds worth ₹4,000 crore and Tier II Bonds amounting to ₹4,500 crore for the financial year 2024-25.

As part of this plan, Canara Bank had already raised ₹3,000 crore through Tier I bonds in August 2024.


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