Canara Bank board approves capital raising plan for FY 2022-23

The Board of Directors of Canara Bank Ltd in its meeting held today on 24.06.2022 has approved the Capital Raising Plan of the Bank for the financial year 2022-23 amounting up to Rs 9000 Crore by way of Debt Instruments (Additional Tier I / Tier II Bonds). Further, out of the above Capital Raising Plan, the Board of Directors of the Bank has approved the following:

- To raise Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 5500 Crore during the FY 2022-23 subject to market conditions and necessary approvals.

- To raise Capital through Basel III Compliant Additional Tier II Bonds to the extent of Rs 3500 Crore during the FY 2022-23 subject to market conditions and necessary approvals.

Shares of Canara Bank was last trading in BSE at Rs. 181.70 as compared to the previous close of Rs. 180.70. The total number of shares traded during the day was 192933 in over 3006 trades.

The stock hit an intraday high of Rs. 184.70 and intraday low of 179.00. The net turnover during the day was Rs. 35123167.00.

Source : Equity Bulls

Keywords

CanaraBank INE476A01014 CapitalRaisingPlan FY2023