Nov 25, 2013, 05.35 PM IST
The bank, which has received Rs 500 crore from the government as equity for this fiscal, has sought approval to raise more funds.
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FinMin receives QIP proposal from Canara Bank
The bank, which has received Rs 500 crore from the government as equity for this fiscal, has sought approval to raise more funds.
Like this story, share it with millions of investors on M3
FinMin receives QIP proposal from Canara Bank
The bank, which has received Rs 500 crore from the government as equity for this fiscal, has sought approval to raise more funds.
Also read: Canara Bank Q2 net falls 5% but asset quality improves
The bank, which has received Rs 500 crore from the government as equity for this fiscal, has sought approval to raise more funds.
Additionally, it is learnt that Canara Bank's board is expected to approve the proposal soon.
The bank had, in 2011 raised Rs 1,993 crore through a QIP issue.
Canara Bank stock price
On November 25, 2013, Canara Bank closed at Rs 246.45, up Rs 9.25, or 3.90 percent. The 52-week high of the share was Rs 550.00 and the 52-week low was Rs 189.90.
The company's trailing 12-month (TTM) EPS was at Rs 64.42 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 3.83. The latest book value of the company is Rs 561.58 per share. At current value, the price-to-book value of the company is 0.44.
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