SBI, Canara Bank to raise Rs 19,000 crore via bonds

August 1, 2024

State Bank of India (SBI) and Canara Bank planned to raise up to ₹19,000 crore via debt issuances in response to higher loan demand and slower deposit growth. SBI aimed for ₹15,000 crore through tier-2 bonds, while Canara Bank sought ₹4,000 crore through additional tier-1 bonds, following previous substantial bond issuances.

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