New Delhi: State-owned Canara Bank said on Wednesday that it was considering to split its equity shares to boost the stock’s liquidity.
The decision would be taken by the Board of Directors of the Canara Bank in a meeting which is scheduled to be held on February 26, the Bank said in a regulatory filing.
The meeting’s agenda would be to seek in-principle approval of the Board of Directors to sub-divide or split the equity shares of the Canara Bank, the Bank said.
However, this would be subject to prior approval of the Reserve Bank of India (RBI) and other statutory/regulatory/government approvals, the Bank further said.
