Canara Bank will issue up to 6 crore equity shares to its staff to raise up to Rs.1,000 crore under employee stock purchase scheme. The bank has plans to raise Rs.7,000 crore during 2018-19. "The board has decided to raise equity share capital up to Rs.60 crore, through Canara Bank Employee Share Purchase Scheme amounting to a maximum of Rs.1,000 crore," bank said.

Canara Bank on Wednesday said it will raise up to Rs.7,000 crore through various means, including rights issue and qualified institutional placement (QIPs). The Board has decided to raise equity share capital amounting up to Rs.7,000 crore (including premium) by way of QIP/rights issue/ESPS/ private placement/ preferential allotment/any other approved means during financial year 2018-19.