trending Market Intelligence /marketintelligence/en/news-insights/trending/oj6pl-xmjdoke86ylqo1pg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

India's Canara Bank seeks to raise 70B rupees via share issue

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


India's Canara Bank seeks to raise 70B rupees via share issue

India's Canara Bank is looking to raise up to 70 billion rupees through the issuance of shares.

The state-owned bank said June 13 that it will consider raising the capital through one or more of the following: qualified institutional placement, rights issue, preferential allotment, private placement or employee stock purchase scheme, subject to market conditions and necessary approvals.

As of June 13, US$1 was equivalent to 67.52 Indian rupees.