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Canara Bank moves up on plan to raise Rs 1,500 crore through Tier-II Bonds issue

17 Dec 2013 Evaluate

Canara Bank is currently trading at Rs. 251.80, up by 0.35 points or 0.14% from its previous closing of Rs. 251.45 on the BSE.

The scrip opened at Rs. 254.25 and has touched a high and low of Rs. 256.80 and Rs. 251.00 respectively. So far 62193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.00 on 14-Jan-2013 and a 52 week low of Rs. 189.90 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 281.50 and Rs. 247.20 respectively. The current market cap of the company is Rs. 11212.33 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 24.99% and 7.29% respectively.

Canara Bank has decided to raise additional capital of Rs 1,500 crore through issue of BASEL-III complaint Tier-II Bonds (Series-I). The Bond Committee during the course of its meeting held on December 16, 2013 has decided for the same. The bank received ratings of ‘AAA / Stable’ from CRISIL and ‘AAA (hyb)’ from ICRA for the proposed issue of the said bonds.

The bank has reported a fall of 5.29% in its net profit at Rs 625.94 crore for the quarter ended September 30, 2013 as compared to Rs 660.97 crore for the same quarter in the previous year. However, total income of the bank increased by 13.29% at Rs 10427.48 crore for quarter under review as compared to Rs 9203.61 crore for the quarter ended September 30, 2012.

Canara Bank Share Price

140.10 2.20 (1.60%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1066.70
PNB 111.70
Canara Bank 140.10
Bank Of Baroda 276.00
Union Bank Of India 189.00
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