trending Market Intelligence /marketintelligence/en/news-insights/trending/ChKTA4oRLNgxatlAoS3NGw2 content esgSubNav
In This List

Canara Bank to divest stake in 3 subsidiaries

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Canara Bank to divest stake in 3 subsidiaries

Canara Bank plans to divest its stake in three subsidiaries as part of efforts to improve its capital base.

The bank said Nov. 21 that it would divest its stake in part or in full in Canara Robeco Asset Management Co. Ltd., Canbank Computer Services Ltd. and Can Fin Homes Ltd.

The bank said the decision is also partly due to the Indian government's directions for banks to consider divesting their noncore banking activities.