Canara Bank targets up to $2.5 billion via FCNR-B, overseas borrowings

July 27, 2026

Canara Bank plans to raise up to $2.5 billion through FCNR-B deposits and overseas borrowings to boost dollar inflows. The lender reported a 2.2% rise in first-quarter profit, improved asset quality, steady margins and double-digit growth in advances and deposits.

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