MoneyWorks4Me

Canara Bank gets nod to raise Rs 6,300 crore

16 Jun 2017 Evaluate

Canara Bank has received an approval to raise Rs 6,300 crore through various routes, including qualified institutional placement (QIP), rights issue or follow on public offer. The board of directors at its meeting held on June 15, 2017 approved 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 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
View more..