Business and economics

Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance

Published on 18 Jun 2022

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  • Canara HSBC OBC Life has renamed itself as Canara HSBC Life following its third partner Punjab National Bank’s (PNB’s) decision to exit.
  • PNB had acquired a stake in the company following the amalgamation of Oriental Bank of Commerce (OBC).
  • Currently, Canara Bank holds 51% in the insurance arm, HSBC holds 26% and PNB 23%.
Source: SarkariPariksha