Canara Bank on Thursday said it has got Reserve Bank of India's approval for a proposal to divest the bank's stake in life insurance and mutual fund ventures. “Reserve Bank of India, vide its letter dated December 5, 2024, has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Limited and Canara HSBC Life …
In a bid to monetise its non-core business, public sector lender Canara Bank has started the process of launching an initial public offer of two of its subsidiaries, Canara Robeco Asset Management and Canara HSBC Life Insurance Company, The Economic Times reported citing people aware of the development. Canara Bank and ORIX Corporation Europe NV own 51 per cent and …
