Canara Bank to raise additional capital of Rs. 2400 crores

The Board of Canara Bank, during the course of their meeting on November 19, 2015, has discussed the issues as mentioned in the letter dated November 17, 2015 and permitted Bank to raise additional capital of Rs. 2400 Crore through issue of BASEL-III compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth during 2015-16 & also to maintain healthy level of CRAR.

Shares of CANARA BANK was last trading in BSE at Rs.268.95 as compared to the previous close of Rs. 270.1. The total number of shares traded during the day was 189642 in over 2757 trades.

The stock hit an intraday high of Rs. 272.3 and intraday low of 265.8. The net turnover during the day was Rs. 51098913.

Source : Equity Bulls

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