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Canara Bank Says RBI Accorded Approval To Bank For Divesting Its 70% Shareholding In Unlisted Unit Canbank Factors

Canara Bank Ltd CCANBK:

  • RBI ACCORDED APPROVAL TO BANK FOR DIVESTING ITS 70% SHAREHOLDING IN UNLISTED UNIT CANBANK FACTORS

  • BANK HOLDS 69.14 % SHARES IN UNIT CANBANK COMPUTER SERVICES

  • PROPOSES TO BUY OUT SHARES OF OTHER SHAREHOLDERS LIKE BANK OF BARODA AND DBS BANK INDIA

  • ALSO EXPLORING TRANSFERRING CREDIT CARD AND OTHER DIGITAL PRODUCT PORTFOLIO OF BANK TO CCSL

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