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.
