Canara Bank has proposed to sell 1 crore shares in Small Industries Development Bank of India (SIDBI), The bank has invited bids at a floor price of Rs 225 per share. The bank has also intends to sell 4 lakh shares in NSDL at a floor price of Rs 850 per unit.
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.