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Saturday, June 15, 2024

Canara Bank to Split Its Stock; Board Will Discuss Idea on February 26

<p>In an effort to increase the stock’s liquidity, Canara Bank said on Wednesday that it intended to split its equity shares. According to a regulatory filing, the bank’s board of directors will make this choice during a meeting that is set for February 26.</p>
<p><img decoding=”async” class=”alignnone wp-image-390056″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-canara-bank-to-split-its-stock-board-will-discuss-idea-on-february-26-sd-5-2023-11.jpg” alt=”theindiaprint.com canara bank to split its stock board will discuss idea on february 26 sd 5 2023 11″ width=”998″ height=”665″ title=”Canara Bank to Split Its Stock; Board Will Discuss Idea on February 26 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-canara-bank-to-split-its-stock-board-will-discuss-idea-on-february-26-sd-5-2023-11.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-canara-bank-to-split-its-stock-board-will-discuss-idea-on-february-26-sd-5-2023-11-150×100.jpg 150w” sizes=”(max-width: 998px) 100vw, 998px” /></p>
<p>“To seek in-principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/ regulatory/ Government of India approvals, as may be required,” a statement pertaining to the meeting’s agenda said.</p>
<p>On the BSE, the bank’s shares were trading 4.16 percent higher at Rs 542.95 a unit.</p>

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