Canara Bank gets board approval to raise up to Rs 9,000 cr in FY22
State-owned Canara Bank is looking to raise up to Rs 9,000 crore through equity and debt this financial year, as per the approval granted by the board of directors on Friday.
The board of directors of the bank in its meeting held on May 28, 2021 approved the capital raising plan for the year 2021-22 amounting up to Rs 9,000 crore by way of equity and debt instruments, the bank said in a regulatory filing.
Under this capital raise approval, the bank will raise equity capital amounting up to Rs 2,500…
