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Tag: Additional Tier I bonds

Canara Bank raises ₹1,635 crore

December 31, 2020 root Banking & Finance

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Canara Bank, a public sector bank, has raised capital by issuing Additional Tier I bonds to the tune of ₹1,635 crore at 8.50 per cent coupon on December 31, said a bank press release.

The Additional Tier I bonds are to help the bank increase its Capital Adequacy Ratio (CAR).

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Leave a comment 635 crore, Additional Tier I bonds, canara bank, fund raising, ₹1

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