Canara Bank plans to go for Rs 110-crore IPO
By Our Banking Bureau | 28 Jun 2002
"The surrender of the equity will have to be approved by the union cabinet, since it will be a further dilution in stake. We are awaiting the governments response," he says.
The banks current equity base is Rs 577.86 crore, entirely held by the government. The return of the equity will allow the banks earning per share to remain high.