Board of Canara Bank approves sub-division of equity shares

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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