Canara Bank has informed that the Capital Planning Committee (of Executives of the Bank) had discussed, during the course of their meetings held on July 28, 2015 & September 24, 2015, the Capital Requirements of the Bank for the current financial year keeping in view the following : Infusion of Capital Funds by the Government of India - Rs 947 Crore; Shareholders consent obtained during the course of the 13th AGM of the Bank held on July 14, 2015 to raise Equity Capital to the extent of Rs 1500 Crore; BASEL-III Capital Regulations - RBI Circular dated July 01, 2015; Covering the deficit in the Capital by raising BASEL - III complaint Bonds; and strengthening the CRAR of the Bank. As per the recommendations of the said Committee, the Bank has placed an Agenda Item for the ensuing Board Meeting to be held on November 19, 2015, to discuss on the above cited issues for taking a decision on the subject matter.
The above information is a part of company’s filings submitted to BSE.
