📌 Canara Bank to Raise ₹3,500 Crore via AT1 Bonds 💰📈

Canara Bank is set to mobilise ₹3,500 crore through an AT1 (Additional Tier-1) bond issuance, becoming the first Indian bank this year to tap into the AT1 market. The issue includes a ₹1,000 crore base size and a ₹2,500 crore greenshoe option, forming part of its ₹9,500 crore capital-raising programme. The move comes as the bank reported a 19% YoY rise in Q2 profits, backed by improved asset quality and a continued decline in NPAs, strengthening investor confidence. #CanaraBank #AT1Bonds #BankingNews #MarketUpdate #FinanceIndia #CapitalRaising #NPAs #Q2Results