Canara Bank to issue ₹4,000 crore Basel-III compliant Tier-II bonds with AAA rating, bidding on March 17, 2025.

FINANCE

Canara Bank to issue ₹4,000 crore Basel-III compliant Tier-II bonds with AAA rating, bidding on March 17, 2025.

AIMPWA

March 13, 2025

Table of Content

After raising ₹3,000 crore through tier-I bonds in August 2024, Canara Bank’s Board of Directors has now approved the issuance of ₹4,000 crore in Basel III–compliant tier-II bonds of ₹4,500 crore during FY 2024-25.

The bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with 5-year call option.

The bidding for the above tier II bonds will be held on March 17, 2025 through NSE Electronic Bidding Platform (EBP).

The shares of the company closed at ₹82.74, up by 0.35 per cent on the BSE.

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Oil prices settle lower as IEA warns that trade tensions will undercut demand

AIMPWAMarch 13, 2025

Oil futures settled lower on Thursday after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand. Source link

India may find it tough to win back 100% broken rice importers

AIMPWAMarch 13, 2025

India will likely find it difficult to woo back global buyers of broken rice after the government lifted the ban on its exports on March 7, traders and analysts said. “India will not be able to touch the magic number of broken exports before it imposed the ban,” said New Delhi-based exporter Rajesh Paharia Jain. ...

Wall Street tumbles as trade war escalates

AIMPWAMarch 13, 2025

Feb PPI cooler than expected after upward Jan revisions Dollar General beats earnings expectations; guidance disappoints Intel gains after naming chip industry veteran Lip-Bu Tan CEO Adobe falls after dull quarterly revenue forecast Indexes off: Dow 1.28%, S&P 500 1.26%, Nasdaq 1.76% NEW YORK, – Wall Street resumed its slide on Thursday as cool inflation...

STARTUPs

5 ways Sessions: AI will fuel your AI growth

AIMPWAMarch 13, 2025

Less than three months until TechCrunch’s biggest AI event yet! If you’re shaping the future of AI, investing in the next game-changing innovation, or simply eager to dive deep into what’s next, TechCrunch Sessions: AI is the place to be. On June 5, Zellerbach Hall at UC Berkeley will be buzzing with 1,200 AI experts,...

Rupee inches up 2 paise to close at 87.19 against US dollar

AIMPWAMarch 13, 2025

The rupee advanced 2 paise to close at 87.19 (provisional) against the US dollar on Wednesday amid volatile global sentiment on tariff uncertainties and some recovery in the American currency index. Forex analysts said an upward move in crude oil prices also impacted the local unit and capped its gain as selling pressure in domestic...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION