Canara Bank to Raise Rs 2,400 Crore Via Bonds

New Delhi: State-owned Canara Bank on Tuesday said it plans to raise Rs 2,400 crore through bonds to fund business growth. It has received 'IND AAA' rating with stable outlook to the proposed Tier-II bond issuance programme, the public sector lender said in a statement. Its board has permitted the bank to raise additional capital of Rs 2,400 crore through issue of Basel-III compliant Tier-II Bonds by way of private placement, it sai...