Canara Bank, a leading nationalized bank, has decided to raise up to Rs 25 billion in one or more tranches by issuing Basel-III compliant bonds. The bank is raising this capital to maintain healthy CRAR (Capital to Risk (Weighted) Assets Ratio) during the current financial year.

To constitute a bond Committee to determine the structure of the Issue Size, tenor, coupon, timing of the Issue, date of allotment, listing and other matters connected to the said Issue.

Shares of the bank declined Rs 4.55, or 1.45%, to trade at Rs 308.75. The total volume of shares traded was 180,822 at the BSE (12.22 p.m., Monday).