Shares of Canara Bank rose 0.9% to
Rs 377.90 on BSE in the morning hours after it has announced
that the bank approved raising additional equity share capital.
The state-owned Canara Bank has announced
that it has approved raising additional equity share capital of Rs 90 crore QIP
route, by issuing up to 9.00 crore equity shares of face value Rs. 10.00 each.
The net profit Canara Bank's fell
27.1% to Rs 260.18 crore on 1.6% fall in total income to Rs 11,994.64 crore in
Q2 Sep 2017 Y-o-Y.
The Govt of India held
66.3 percent stake in Canara Bank according to the shareholding
pattern as at 30 Sept 2017.
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