Oriental Bank of Commerce planning to divest stake in its life insurance JV
Oriental Bank of Commerce is planning to divest stake in its life insurance Joint Venture (JV) Canara HSBC OBC Life Insurance to conserve capital. The bank holds 23% in the company, while Canara Bank holds 51% and HSBC holds 26% stake. The Bank’s divestment decision is due to the government’s Public Sector Bank Reforms Agenda. … Read more
