Canara Bank has got shareholders’ approval for raising the capital by up to Rs 2,000 crore.
Canara Bank has said in a BSE filing that “The bank has concluded its 14th Annual General Meeting and transacted…raising of capital (up to Rs 2,000 crore by further issue of equity/preference shares or other securities either by way of follow-on public issue, rights issue, private placement, Qualified Institutional placement (QIP), or any other mode.”
It further said that “The resolution was passed with requisite majority.”
