Canara Bank plans to raise INR 3,500 crore via QIP

Canara Bank said it will raise up to INR 3,500 crore through a qualified institutions placement (QIP) route.

The bank has decided to raise additional equity share capital upto Rs. 90 crores(face value).

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.