What to watch. Canara Bank: Eyes on QIP meet

The board meeting of Canara Bank is scheduled to be held on Thursday to consider raising capital through a qualified institutional placement (QIP). Recently, the bank’s shareholders approved a proposal to raise ₹7,000 crore in one or more tranches by way of follow-on public issue, rights issue, private placement/qualified institutional placement or any other mode. Investors would be keen to know the price, size and issue opening schedule.