Canara Bank shares in focus after RBI’s divestment nod to AMC, insurance subsidiary

December 6, 2024

Canara Bank received RBI’s approval to divest 13% stake in Canara Robeco Asset Management Company and 14.5% in Canara HSBC Life Insurance Company through IPOs. The bank must reduce its stake in both entities to 30% by October 31, 2029. Canara Bank’s Q2 profits rose 11% to ₹4,015 crore, driven by increased interest earned.

More To Explore

Tata Motors CV arm listing date announced. Check details

Tata Motors’ commercial vehicle arm (TMCV) will debut on exchanges on November 12, completing the automaker’s demerger into two listed entities—one for CVs and another

November 10, 2025

CleanMax gets Sebi nod for Rs 5,200 crore IPO, eyes debt reduction and growth push

Clean Max Enviro Energy Solutions, India’s top C&I renewable energy provider, received Sebi approval for its ₹5,200 crore IPO, comprising ₹1,500 crore fresh issue and

November 10, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003