Canara Bank to raise Rs.2,400 crore through bonds

New Delhi, Dec 22 (IANS) State-run Canara Bank on Tuesday said it will raise Rs.2,400 crore through bonds to fund business expansion.

The coupon rate for the bonds is to be decided by the bond committee of the bank, it said in a statement.

The fund collected is intended to support asset growth during 2015-16 and also maintain a healthy level of Capital to Risk Weighted Assets Ratio (CRAR).

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