Canara Bank is planning to create a new subsidiary to run its credit card business, said CEO K Satyanarayana Raju. He said the bank, which is the third most-valued state-run lender after State Bank of India and Bank of Baroda, will either use one of its existing subsidiaries or set up a new one to run the card business, which it believes can grow exponentially.
Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: Report
Warburg Pincus may acquire a majority stake in Nuvama Wealth Management as PAG looks to sell its 54% holding, valued at $1.6 billion. JPMorgan and