RBI gives nod to Canara Bank’s proposal to divest its stake in life insurance, MF ventures
Canara HSBC Life Insurance Company is a joint venture company with a 51% stake owned by Canara Bank and a 26% stake held by the HSBC Insurance (Asia Pacific) Holdings and remaining 23% stake by Punjab National Bank. Canara Bank on Thursday (December 5, 2024) said it has got Reserve Bank of India’s (RBI) approval…