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Canara Bank inks MoU with VECV for vocational education loans

14 May 2015 Evaluate

Canara Bank, a public sector bank, has signed a Memorandum of Understanding (MoU) with Volvo-Eicher Commercial Vehicles (VECV) for financing vocational education loans.

Recently, the bank issued four crore fully paid-up equity shares to Life Insurance Corporation of India (LIC) on preferential basis valued at about Rs 1,396.80 crore. The bank had passed a special resolution by its shareholders at its EGM on April 30 for issue and allotment of 4 crore equity shares to LIC.

 

Peers
Company Name CMP
State Bank Of India 971.40
PNB 115.00
Bank Of Baroda 232.90
Canara Bank 122.25
Union Bank Of India 175.00
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