Canara Bank has received an approval to divest its stake either in part or in full in the domestic subsidiaries or associates namely Canara Robeco Asset Management Co, Canbank Computer Services and Can Fin Homes. The board of directors at their meeting held on November 20, 2017, has approved for the same. The Bank has empanelled Investment Bankers / Merchant Bankers for this purpose.
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.