Canara Bank approves 1:5 stock split for improved liquidity and affordability, pending RBI approval.

Canara Bank's board has approved a 1:5 stock split to improve liquidity and make shares more affordable for retail investors, subject to RBI approval. The bank reported a 29% Q3 profit increase. Bank of Baroda shares rose 0.96% as Sensex slid, while Motilal Oswal issued buy calls on State Bank of India (SBI) with a target price of Rs 860 and Bank of Baroda with a target price of Rs 310.

February 26, 2024
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