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Canara Bank’s arm eyeing to raise Rs 6,000 crore

16 May 2017 Evaluate

Canara Bank’s subsidiary, Can Fin Homes will raise up to Rs 6,000 crore by issuing secured redeemable non-convertible debentures on private placement basis.  The board of directors at their meeting held on May 15, 2017 has considered a proposal for the same. 

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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