Canara Bank gets nod to raise upto Rs 8000 crore

11 Jul 2020 Evaluate
Canara Bank has received an approval to raise Equity Share Capital amounting up to Rs 5000 crore (including premium) by way of Qualified Institutional Placements (QIP)/Rights Issue/ESPS/Private Placement/ Preferential Allotment/any other approved means during the Financial Year (FY) 2020-21 subject to market conditions and necessary approvals. The bank has also received an approval to raise capital through additional Tier I Basel III Compliant Bonds to the extent of Rs 3000 Crore during the FY 2020-21 subject to market conditions and necessary approvals.

The Board of Directors of the bank at its meeting held on July 10, 2020, has approved 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.

Canara Bank Share Price

581.90 18.00 (3.19%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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