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Canara Bank gets RBI’s nod to divest stakes in Canara Robeco Asset Management, Canara HSBC Life Insurance
Dec-06-2024

Canara Bank has received approval from the Reserve Bank of India (RBI) to divest its stakes in Canara Robeco Asset Management and Canara HSBC Life Insurance by 13% and 14.5%, respectively, through an IPO.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

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