PNB Launches Special Braille Debit Card for Visually Impaired Customers
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.
Irani cup title finally returning to Mumbai after the drought of 27 years. Ajinkya Rahane…
Veteran Malayalam actor Mohanraj, famed for his unforgettable villainous role as "Keerikkadan Jose'' in the…
Military spending is a crucial factor in determining the defense capabilities and geopolitical influence of…
To enhance citizen safety, Ahmedabad Police is establishing a state-of-the-art Command and Control Centre equipped…
On October 2, 2024, the Asian Development Bank (ADB) approved a $162 million loan to…
Nepal, India, and Bangladesh have recently entered into a significant tripartite agreement aimed at facilitating…