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Canara Bank to raise additional funds up to Rs 1,000 crore

09 Feb 2018 Evaluate

Canara Bank has received an approval to raise additional equity share capital up to Rs 1,000 crore, through Qualified Institutional Placements (QIP)/Rights Issue/Preferential allotment/ Follow-on Public Offer/ Employee Stock Purchase Scheme (ESPS)/any other mode approved by the RBI/GOI. The board of the Bank has by way of Circular Resolution approved the same on February 8, 2018.

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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