Investment12 Jun 2025, 04:23 pm
Canara Bank Approves Capital Raising Plan of Rs 9,500 Crore for FY 2025-26
AI Summary
In a recent Board Meeting, Canara Bank approved a Capital Raising Plan for the financial year 2025-26 amounting to Rs 9,500 Crore. The bank plans to raise this capital through Debt Instruments, specifically Additional Tier I and Tier II Bonds. The bank has approved raising Rs 3,500 Crore through Basel III Compliant Additional Tier I Bonds and Rs 6,000 Crore through Basel II Compliant Tier II Bonds. The decisions are subject to market conditions and necessary approvals.
Key Highlights
- Canara Bank approved a Capital Raising Plan of Rs 9,500 Crore for FY 2025-26
- The capital will be raised through Debt Instruments (Additional Tier I/Tier II Bonds)
- The bank plans to raise Rs 3,500 Crore through Basel III Compliant Additional Tier I Bonds
- The bank also approved raising Rs 6,000 Crore through Basel II Compliant Tier II Bonds
- The decisions are subject to market conditions and necessary approvals