Business & Markets: India — Last 24 Hours

₹8,500 crore — the total capital Canara Bank's board just authorized raising via AT-1 and Tier-2 bonds, the biggest PSU bank capital move of the quarter, signaling that India's state lenders are gearing up for an aggressive growth push.

Money Moves

• Canara Bank's ₹8,500-Cr Capital Sprint — The PSU lender will auction ₹4,500 crore in perpetual AT-1 bonds on September 16 via NSE, plus another ₹4,000 crore in Tier-2 debt. Coupon expectations sit...