Canara Bank board approves capital raising plan up to INR 95bn
Canara Bank announced today its board of directors has approved a capital raising plan of up to INR 95 billion for the financial year 2025-26. The funds will be raised through debt instruments, specifically additional Tier I and Tier II bonds. The plan includes raising INR 35 billion through Basel III compliant Additional Tier I Bonds and INR 60 billion through Basel III compliant Tier II Bonds. These capital raising activities are subject to market conditions and necessary regulatory approvals. The decision was made at a board meeting held earlier today, with the meeting commencing at 11:30 A.M (IST) and concluding at 04:00 P.M (IST).
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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