Union Bank of India raises Rs 1,500 cr through Basel-III compliant bonds
Union Bank has raised Rs 1,500 crore by issuing Basel III compliant bonds to investors The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore The bonds are eligible for inclusion in the tier-I capital of the bank To comply with Basel-III capital regulations, banks globally need to improve and strengthen […]
Canara Bank hikes fixed deposit rates by up to 25 basis points
The revised rates are effective from March 1, 2022, Canara Bank said in a statement Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to 5.15 per cent from 5 per cent, it said. Fixed deposit between 2-3 years would invite interest rate […]
