Board of Canara Bank approves raising capital of Rs 8,500 for FY 2024-25

At meeting held on 31 May 2024

The Board of Canara Bank at its meeting held on 31 May 2024 has approved the capital raising plan for the FY 2024-25 as under:

Approved raising Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 4000 crore during the FY 2024-25 subject to market conditions and necessary approvals.

Approved raising Capital through Basel III Compliant Tier II Bonds to the extent of Rs 4500 Crore during the FY 2024-25 subject to market conditions and necessary approvals.

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