Canara Bank is planning to raise funds by issue of equity shares through Qualified Institutional Placement (QIP) route and connected issues. The Board Meeting of the Bank is scheduled to be held on December 26, 2017, to consider 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.