25 May 2004 08:49
CANARA BANK PLANS FRESH DILUTION OF GOVT HOLDING (the bank intends to reduce the stake of the Government of India by 22
percent)
Canara Bank is planning to reduce the stake of the Government of India by another 22 percent. The Government had
earlier disinvested 27 percent of its stake in the bank. The bank has registered total business of Rs1,33,000 crore in
2003-2004.
Canara Bank intends to set up representative offices in Hong Kong, Shanghai and Dubai. The bank has also entered into
a tie-up with State Bank of India to set up a joint venture, Commercial Bank of India, in Moscow.
[India Business Insight] |
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