India's Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday.
FILE PHOTO; A man walks past a Canara Bank office in Mumbai, India, January 24, 2018. REUTERS/Shailesh Andradeplans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday.
The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees so far, the bankers said.Our Standards:
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