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.
Asian stocks rise as Wall Street extends gains
Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the
February 6, 2025