Canara Bank plans to raise Rs 5, 000 crore via bonds. Check details

Canara Bank plans to raise Rs 5,000 crore through Basel III Tier-2 bonds on February 26 to bolster capital and fund future growth. With CRAR at 16.50% and strong retail-led credit expansion, the lender is preparing to meet rising loan demand while retaining flexibility via a Rs 3,000-crore greenshoe option.