To raise Rs 1000 crore
Canara Bank has announced that as per the powers delegated by the Board of the Bank, the bond committee has decided to raise additional capital of Rs 1000 crore through issue of BASEL-III complaint Tier-II Bonds (Series-II).The Bank has received reaffirmation of rating AAA / Stable (pronounced 'CRISIL Triple A rating with Stable Outlook') from CRISIL & confirmation of rating '[ICRA] AAA (hyb)' (Pronounced ICRA Triple A Hybrid with Stable Outlook) from ICRA for the proposed issue of the said bonds.
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