Canara Bank has decided to raise Equity Share Capital amounting up to Rs 7000 crore (including premium) by way of Qualified Institutional Placements(QIP)/Rights Issue/ESPS/ Private Placement/ Preferential allotment /any other approved means during Financial Year 2018-19 subject to market conditions and necessary approvals.
The Board of the Bank in its meeting held on June 13, 2018, decided 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.
