Canara Bank has called off the divestment of its stake in housing finance subsidiary Can Fin Homes. In 2018 too, the bank had forgone the stake sale after receiving lower than expected price quotation.
In September last year, the lender again invited bids to sell 30 per cent stake in Can Fin Homes, but has now backed out without giving reasons for the move.
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.
