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Canara Bank To Raise Rs 1,000 Crore Through Employee Stock Purchase Scheme

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Canara Bank is raising Rs 1000 crore through Employee Stock Purchase Plan. Canara Bank board has approved the purchase of 6 crore equity shares to its staff to raise up to Rs 1,000 crore under employee stock purchase scheme. The bank has plans to raise Rs 7,000 crore during 2018-19. Read – Rs 7,840 Crore Equity Capital Will Be Raised By Syndicate ...

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CBI Charges Former Canara Bank MD & CEO

Canara Bank

The Central Bureau of Investigation (CBI) filed charges against former chairman and managing director R K Dubey over allegations of  providing about Rs 68 crore loan to Delhi-based jewellery company, Occasion Silver Pvt Ltd, which fell under Quick Mortality Assets and turn bad within a year of the bank giving it the loan. Charges were framed against then Executive Directors ...

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