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Board of Canara Bank approves preferential issue of shares to GoI

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Last Updated : Aug 31 2015 | 5:28 PM IST

At meeting held on 31 August 2015

Canara Bank announced that Based on the letter received from the Government of India on Infusion of Capital Funds, the Board of the Bank, in its meeting held on 31 August 2015 has considered and approved the proposal regarding raising of Capital by way of Preferential Allotment of Equity Shares in favour of Government of India amounting to Rs. 947 Crore (Rupees Nine Hundred and Forty Seven Crore only).

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First Published: Aug 31 2015 | 4:25 PM IST

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