Canara Bank rose 1.49% to Rs 184.40 after the bank said that its board has approved the capital raising plan for the financial year 2022-23 amounting up to Rs 9000 crore by way of debt instruments (additional tier I / tier II bonds).
As per the capital raising plan, the board has approved raising upto Rs 5500 crore through basel III compliant additional tier I bonds and another Rs 3500 crore through basel III compliant additional tier II bonds during the FY 2022-23. The proposal is subject to market conditions and necessary approvals.
Canara Bank is a public sector bank. As of 31 March 2022, the Government of India held 62.93% in the bank.
The bank reported a 64.8% jump in standalone net profit to Rs 1,666.22 on 6.1% rise in total income to Rs 22,323.11 crore in Q4 FY22 over Q4 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app