Canara Bank has decided to raise funds through qualified institutional placement (QIP) subscription. It plans to raise Rs. 2000 crore through QIP equity shares of face value of Rs 10 each. Canara Bank share rose to 7.5% fourth day consequently after being the worst performing share in the stock market. The Board of Director’s are in talks to fix the price at Rs. 103.50 per equity share. They will meet again on December 10, 2020 to confirm the same.