Canara Bank Aims to Raise Up to $2.5 Billion Through FCNR-B and Overseas Borrowings

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Banking

27 July 2026 at 7:23 pm

Canara Bank Aims to Raise Up to $2.5 Billion Through FCNR-B and Overseas Borrowings

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Summary

Canara Bank aims to raise up to $2.5 billion through FCNR-B deposits and overseas borrowings to boost its dollar inflows, following a 2.2% rise in first-quarter profit and improved asset quality.

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