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Board of Canara Bank approves capital raising up to Rs 9000 cr in FY23
24-Jun-22   12:56 Hrs IST
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.

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