Oriental Bank of Commerce is planning to sell its 23% stake in Canara HSBC Oriental Bank Life Insurance, a life insurance company joint venture (JV) with Canara Bank and HSBC. The bank has hired ICICI Securities to manage the potential sale. The bank is looking to complete the deal before March 31.
Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.