PNB Pioneers Real-Time Cybercrime Response with Clari5 Integration
The Board of Punjab National Bank (PNB) has approved the initiation of the process to dilute 10% of its shareholding in Canara HSBC Life Insurance through an initial public offering (IPO). PNB currently holds a 23% stake in this life insurance joint venture.
PNB acquired its stake in Canara HSBC Life Insurance following the amalgamation of the erstwhile Oriental Bank of Commerce (OBC), which originally held the 23% stake. Canara Bank owns 51% of the company, while HSBC Insurance (Asia Pacific) Holdings Ltd holds the remaining 26%.
The board’s approval, granted on June 4, 2024, is for listing the company on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) through an IPO. This process will be subject to obtaining necessary regulatory approvals.
On the day of the announcement, PNB’s shares experienced a nearly 15% drop. However, despite this loss, the stock has gained 20% so far this year.
Did you know that not all fruits give the same amount of Vitamin C? While…
In an important decision related to senior bureaucratic postings, the Appointments Committee of the Cabinet…
Did you know that some countries are home to completely opposite natural worlds? In one…
The Pro Wrestling League (PWL) 2026 ended with high drama as Haryana Thunders lifted the…
Nivedita Dubey has assumed charge as Member (Human Resources) of the Airports Authority of India…
On February 2, 2026, the Assam government declared a ₹50 crore grant to preserve and…