PNB seeks IRDAI forbearance for paring stake in Canara HSBC OBC Life

Oriental Bank of Commerce (OBC) currently holds 23% stake in Canara HSBC OBC Life Insurance. Besides, another public sector lender Canara Bank has 51% stake and HSBC Insurance (Asia Pacific) Holdings Limited as foreign partner owns 26%. Already, PNB is a promoter of PNB Metlife Insurance with highest stake of 30 per cent.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OpLOjT