April 28 (Reuters) - Canara Bank Ltd
* Says decided to raise funds through qip mode or through preferential
allotment during the current FY
* Board discussed about various options of raising capital
* Source text:
Canara Bank has informed BSE that the Board of Directors of the Bank, in its meeting held on April 28, 2014, discussed about the various options of raising capital on account of Basel III guidelines & also to fund the general business needs of the Bank and decided to raise funds through QIP Mode or through Preferential Allotment during the current financial year.
The Board has constituted a Committee of Directors to decide on the modalities of the cited two options.
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