At meeting held on 26 August 2014
Canara Bank announced that the Board of Directors of the Bank at its meeting held on 26 August 2014, have considered and granted in-principle approval for the sub-division of one equity share of the Bank having a face value of Rs. 10/- each into five equity shares of face value of Rs. 2/- each.The sub-division of shares is subject to approval of the shareholders, Reserve Bank of India, Ministry of Finance, Government of India and any other statutory / regulatory authorities, if any, as applicable.
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