Epic Research Update : Canara Bank

Canara Bank has received an approval to raise additional Tier-I instruments amounting to Rs 1,500 crore through issue of Basel III complaint additional Tier-I Perpetual Bonds by way of Private Placement, to support the asset growth during 2014-15 and maintain comfortable level of CRAR. The board of directors of the bank at their meeting held on September 30, 2014 have approved for the same.



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Posted in: Indian Market Tips