ICRA (Rating Agency) has placed rating of Canara Bank's Basel III Compliant Tier II Bonds & Additional Tier-I bonds, on 'Ratings Watch with Developing Implications'.
As per ICRA Rating Rationale, the boards of both Canara and Syndicate have accorded in-principle approval to the merger, though it is still in a nascent stage. Given the initial stage of the proposed merger, ICRA has placed the ratings under Watch with Developing Implications.
Shares of CANARA BANK was last trading in BSE at Rs.201.6 as compared to the previous close of Rs. 189.8. The total number of shares traded during the day was 884172 in over 5705 trades.
The stock hit an intraday high of Rs. 205.35 and intraday low of 186.85. The net turnover during the day was Rs. 174625951.