Page 13 - Canara Bank

Canara Bank raises Rs 2,000 cr via QIP; LIC emerges as largest investor

State-owned Canara Bank on Friday said it has successfully raised Rs 2,000 crore equity capital by issuing over 19 crore shares to eligible investors. LIC emerged as the largest investor in the bank's qualified institutional placement (QIP) issue. The subcommittee of the board at its meeting held today (December 11, 2020), approved allotment of 19,32,36,714 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs 103.50 per equity share, aggregating up to Rs 2,000 crore, Canara Bank said in a regulatory filing. The QIP had opened on December 7 and closed on December 10. Among the allottees - who were allotted more than 5 per cent of the total equity shares offered in the issue - include Life Insurance Corporation (25 per cent), BNP Paribas Arbitrage (9.11 per cent), Nippon Life India Trustee Ltd (8.81 per cent), Societe Generale (7.91 per cent) and Kuber India Fund (6.16 per cent). "Pursuant to the allotment of equity shares in the QIP, the paid-up .

Canara Bank sets issue price for Rs 2,000 cr QIP at Rs 103.50 a share

State-run Canara Bank on Thursday said it has approved the issue price at Rs 103.50 per share for its qualified institutional placement (QIP) to raise Rs 2,000 crore

SBI, PNB, Canara Bank: PSU bank stocks to see more upside, show charts

For SBI, the immediate closing basis support stays at Rs 260 levels.

Canara Bank surges 7% as Rs 2,000 crore QIP opens for subscription

The board has approved the floor price for the QIP at Rs 103.50 per equity share.

CBI books Unitech MD, family in Canara bank fraud; carries out searches

The Canara Bank has alleged that the company had been availing credit facilities from it on the basis of personal and corporate guarantees from Chandras

CARE Ratings revises LVB's ratings from 'BB- ' to 'BB-' under credit watch

The development comes after the government imposed a moratorium on LVB after considering an application filed by the RBI

PSBs: Sustaining Q2 momentum for a year key to regaining lost faith

Q2 results suggest a trend of easing asset quality issues and the weight of merger behind them

Canara Bank cuts MCLRs by 0.05-0.15 pc for various tenors from Nov 7

The one-year MCLR -- the benchmark for most of the consumer loans -- has been reduced by 0.05 per cent to 7.35 per cent from 7.40 per cent currently, Canara Bank said in a regulatory filing

MARKET WRAP: Sensex ends choppy session 136 pts lower; Nifty ends at 11,642

Catch all the live market updates here.

Canara Bank posts 28% fall in net profit at Rs 444 crore for Sept quarter

On a proforma basis, the bank had posted a net profit of Rs 616 crore in second quarter ended September 2019

i-exceed and Canara Bank - Delivering Future Ready Digital Banking Experiences

i-exceed, a leader in the digital transformation space has announced that it has made significant strides in the digital journey at one of the largest public sector banks in India - Canara Bank.

Fund pick: Canara Robeco Bluechip Equity Fund is a consistent performer

The month-end AUM of the fund has grown over 6x over the past three years, from Rs 107 crore in September 2017 to Rs 702 crore in August 2020

Canara Bank to raise up to Rs 2,000 cr equity capital through QIPs

As per the filing, the number of equity shares of the face value of Rs 10 each in one or more tranches with a premium will be decided as per applicable guidelines/ regulations

Canara Bank raises Rs 1,012 cr by issuing Basel III compliant bonds

Canara Bank on Friday said it has raised Rs 1,012 crore by issuing Basel III compliant bonds

MARKET WRAP: Indices end flat, Sensex up 60 pts; ITC, TCS rise nearly 2%

All that happened in the markets today

Nifty outlook & stock calls by Angel Broking: Buy Canara Bank, Info Edge

The entire banking space seems to have revived and is seeing a catch-up move to the broader market

Five wise men and the new window for loan recast

To make the loan restructuring scheme a success, the norms should be dynamic. They must be reviewed every quarter, keeping in mind how the economic scenario evolves

Canara Bank to hit market with equity offering of Rs 5,000 cr in Q4FY21

Lender plans to raise additional tier-I capital of Rs 1,500 crore each in second and third quarters of FY21

Canara Bank net profit up 23.5% at Rs 406 crore for June quarter

Canara Bank on Wednesday reported 23.5 per cent rise in standalone net profit at Rs 406.24 crore for June quarter 2020-21.

Canara Bank to raise Rs 5,000 cr in FY21 to strengthen capital base

The bank will seek shareholders' nod at AGM to be held on August 10 through audio/visual means in view of the coronavirus pandemic