CANARA Bank on Saturday said its board has approved raising up to Rs 8,000 crore in the current financial year, and over half of this would be raised by issuing equity shares. In an update on the outcome of the board meeting held on July 10 about ‘Capital Raising Plan for 2020-21’, Canara Bank said the board has approved raising equity share capital amounting up to Rs 5,000 crore through various means. The equity capital would be raised by way of qualified institutional placement, rights issue, employee stock purchase scheme, private placement, preferential allotment or any other approved means, subject to market conditions and necessary approvals, the state-owned lender said in a regulatory filing.