Canara Bank raises Rs 1,500 cr

Canara Bank on Friday said that it has raised Rs 1,500 crore through the issue of Basel-III compliant Tier-II bonds.

This was over and above the Rs 500 crore that the Government has decided to infuse in into the public sector lender before March 2014.

For the proposed capital infusion from the Centre, an extraordinary general meeting of shareholders was held on December 30.


Source: Thehindubusinessline