Canara Bank invites bids to sell 30 per cent stake in its arm
7th Sep 2019

Canara Bank has invited bids to sell 30 per cent stake in its housing finance subsidiary -- Can Fin Homes (CFHL). The decision to invite bids comes ahead of amalgamation of Syndicate Bank with Canara Bank. Can Fin Homes has a pan India network of 132 branches, 20 affordable housing loan centres (AHLCs) and 20 satellite offices with customer base of over 1.2 lakh.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.