<p>New Delhi: Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity.</p><p>The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing.</p><p>The meeting's agenda is "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," it said.</p>.Canara Bank hires Kyndryl to modernise and manage its IT operations.<p>Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.</p>
<p>New Delhi: Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity.</p><p>The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing.</p><p>The meeting's agenda is "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," it said.</p>.Canara Bank hires Kyndryl to modernise and manage its IT operations.<p>Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.</p>