Canara Bank, a leading nationalized bank, is reportedly planning to raise Rs 500 crore this financial year by selling stake in its non-core assets. The bank has decided to sell stakes in Can Fin Homes and Canbank Factors. The bank plans to sell 13% stake in Can Fin Homes and reduce its holding to 30%, while in case of Canara Factors, the bank considering two options, either dispose it off completely or dilute some 20% in the factoring business.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
| Company Name | CMP |
|---|---|
| SBI | 1107.00 |
| PNB | 114.55 |
| Canara Bank | 145.55 |
| Bank Of Baroda | 284.40 |
| Union Bank Of India | 195.45 |
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