At meeting held on 28 May 2021
The Board of Canara Bank at its meeting held on 28 May 2021 has approved capital raising plan for year 2021-22 amounting to Rs 9000 crore by way of equity and debt instruments. The details of the capital raising plan are as follows:1. To raise equity share capital amounting up to Rs 2500 crore (including premium) by way of qualified institutional placement (QIP) during the financial year (FY) 2021-22 subject to market conditions and necessary approvals.
2. To raise capital through additional tier I Basel III compliant bonds to the extent of Rs 4000 crore during the FY 2021-22 subject to market conditions and necessary approvals.
3. To raise capital through additional tier II Basel III compliant bonds to the extent of Rs 2500 crore during the FY 2021-22 subject to market conditions and necessary approvals.
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