Canara Bank will raise up to Rs.7,000 crore in FY19
Canara Bank will raise up to Rs.7,000 crore via various means, including rights issue and qualified institutional placement (QIPs). In a BSE filing the bank stated, “..the...
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Canara Bank posts Rs.4,860 crore loss in Q4
Canara Bank has posted a loss of Rs.4,859.77 crore for the quarter ended March 31, on three-fold jump in provisions. The bank in the same...
Canara Bank proposes to raise Rs.4,500 crore
Canara Bank will raise up to Rs.4,500 crore via issue of shares to investors, including FIIs, QIBs or NRIs. In a regulatory filing the bank...
Canara Bank to raise Rs.4,865 crore through preferential allotment
Canara Bank, has given approval to the proposal of raising Rs.4,865 crore through preferential issue to Government of India (GOI). The company in its board...
Canara Bank lowers MCLR rate by 10 bps to 9.4% from April 1
Canara Bank has announced reduction of 0.10 percentage point in its MCLR based lending rate to 9.40 percent from April 1, making loans cheaper for...
Canara Bank has sold 13.45% stake in Can Fin Homes
Canara Bank Ltd has sold a 13.45 percent stake in Housing finance arm Can Fin Homes Ltd for 7.54 billion rupees (USD 113.12 million) to...
Canara Bank is going to dilute stake in CanFin Homes
Canara Bank is going to divest up to 13.45 percent stake in the company by the end of next month. CanFin Homes Ltd has said...
Canara Bank has raised Rs 1,000 crore through Basel-III bonds
Canara Bank has raised Rs 1,000 crore through issue of Basel-III complaint bonds. It has said in a regulatory filing that “The bank has raised...
Bajaj Allianz General Insurance partners with Canara Bank
Bajaj Allianz General Insurance and Canara Bank have signed a corporate agency agreement to distribute Bajaj Allianz’s general insurance products through Canara Bank’s network of...
Canara Bank aims to raise Rs 1,128 crore through rights issue
Canara Bank is planning to raise up to Rs 1,128 crore through rights issue for the purpose of funding business growth. The board of the...