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Canara Bank to raise Rs 500 crore by selling stake in non-core assets: Report

10 Jun 2016 Evaluate

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.

Canara Bank Share Price

145.55 1.20 (0.83%)
22-Apr-2026 10:45 View Price Chart
Peers
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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