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).

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

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.