Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance

Daily Current Affairs / Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance

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Category : Business and economics Published on: June 18 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%.