PNB seeks IRDAI forbearance for paring stake in Canara HSBC OBC Life - Business News, Finance News, Share Market News - Market trendz

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Monday, 3 February 2020

PNB seeks IRDAI forbearance for paring stake in Canara HSBC OBC Life

Oriental Bank of Commerce (OBC) currently holds 23% stake in Canara HSBC OBC Life Insurance. Besides, another public sector lender Canara Bank has 51% stake and HSBC Insurance (Asia Pacific) Holdings Limited as foreign partner owns 26%. Already, PNB is a promoter of PNB Metlife Insurance with highest stake of 30 per cent.

from Banking/Finance-Industry-Economic Times
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