by AIP Online Bureau | Jun 4, 2024 | Banking & Bancassurance, Indian News, Life, Regulation
PNB’s board in its meeting held today has accorded its approval for initiating the process of diluting 10 per cent stake of the bank in Canara HSBC Life Insurance Co Ltd, an associate company of the Bank, by listing the company in stock exchanges (BSE/NSE)...
by AIP Online Bureau | Jul 10, 2022 | Banking & Bancassurance, Indian News, Life, Regulation
At present, PNB has stakes in two insurance firms — PNB MetLife India Insurance Company Limited (PNB MetLife) and Canara HSBC OBC Life Insurance Company Ltd (CHOICE) HSBC Insurance (Asia Pacific) Holdings Limited, that holds 26 percent in Canara HSBC Life...
by AIP Online Bureau | Mar 6, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
SBI is learnt to have issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanctions on it as well. Russia is one of the biggest suppliers of defence products and equipment to India mostly under...
by AIP Online Bureau | Feb 3, 2022 | Indian News, Life, Regulation
PNB had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) with the bank in FY20 Canara Bank owns 51 per cent stake, while HSBC Insurance (Asia Pacific) Holdings Ltd as a foreign partner owns 26 per cent. New Delhi:...
by AIP Online Bureau | Nov 21, 2021 | Banking & Bancassurance, Indian News, Risk Management, Technology
”Punjab National Bank kept severely compromising the security of funds, personal and financial information of over 180 million (all) its customers for about the last 7 months. PNB only woke up and fixed the vulnerability when CyberX9 discovered the vulnerability...
