Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Canara Bank is an Indian public sector bank under the control and ownership of Ministry of Finance, Government of India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai, the bank also has offices in London, Dubai and New York.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
The Company Statement
January 21, 2023

India's central bank has allowed HDFC Bank Ltd (HDBK.NS) and Canara Bank Ltd (CNBK.NS) to open a special "vostro account" for trade in rupees with Russia. Canara Bank has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI, the bank said in a regulatory filing. See more details in the new buyer's card: https://leave-russia.org/state-bank-of-india

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Statements Archive
March 24, 2023Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
November 21, 2022India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report
November 20, 2022Indian Canara Bank announced the sale of a stake in Moscow-based Indo Bank for $14.67 million
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