Canara Bank has floated request for quotation (RFQ) on its site for offloading of its stake in CARE. The Investment Committee of the Bank, as per the permission of the Board of Directors of the Bank, has advised to float an RFQ on the site of Bank inviting for bids from Merchant Bankers / Arrangers for the same.
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.