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Bank Related News

Canara Bank divests stake in Canara HSBC Life to 36.5% as subsidiary debuts on exchanges
Oct 17, 2025, 06:57PM IST
Canara Bank has reduced its stake in Canara HSBC Life Insurance Company Limited from 51% to 36.5% through an Initial Public Offering (IPO). The insurance arm debuted on the NSE and BSE on October 17, 2025. This strategic divestment aims to unlock value and introduce the company to public investors.
Nirmala Sitharaman urges banks to increase agricultural credit to meet rural India's demands
Oct 17, 2025, 06:05PM IST
Union Finance Minister Nirmala Sitharaman has directed rural banks to boost agricultural credit. She emphasized focusing on new rural economic opportunities and supporting Farmer-Producer Organisations. Sitharaman also called for improved operations and technology adoption to strengthen financial health.
Canara HSBC Life shares list flat at Rs 106 on BSE, NSE
Oct 17, 2025, 10:04AM IST
Canara HSBC Life shares: Canara HSBC Life Insurance debuted flat on exchanges at Rs 106 per share, following a Rs 2,517 crore offer for sale. The IPO saw strong demand from institutional investors, while retail and HNI participation was limited. The company's reliance on bancassurance and its valuation are key points for investors as trading begins.