Canara Bank has invited bids to sell 30 per cent stake in its housing finance subsidiary -- Can Fin Homes (CFHL). The decision to invite bids comes ahead of amalgamation of Syndicate Bank with Canara Bank. Can Fin Homes has a pan India network of 132 branches, 20 affordable housing loan centres (AHLCs) and 20 satellite offices with customer base of over 1.2 lakh.
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.
