Canara Bank surges on entering into agreement with Tata AIA Life Insurance, Shriram General Insurance

Canara Bank is currently trading at Rs. 212.15, up by 1.30 points or 0.62% from its previous closing of Rs. 210.85 on the BSE.

canara bank gains on receiving eois from 12 entities to buy entire stake in cfhl
canara bank gains on receiving eois from 12 entities to buy entire stake in cfhl

The scrip opened at Rs. 209.40 and has touched a high and low of Rs. 213.70 and Rs. 208.95 respectively. So far 150791 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 272.80 on 03-Feb-2022 and a 52 week low of Rs. 142.10 on 28-Jul-2021.

Last one week high and low of the scrip stood at Rs. 213.70 and Rs. 185.10 respectively. The current market cap of the company is Rs. 38695.40 crore.

The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 21.79% and 15.27% respectively.

Canara Bank has entered into bancassurance agreement/ tie up with Tata AIA Life Insurance and Shriram General Insurance for distribution of their product i.e. Life Insurance and General Insurance respectively, through the branch network of the bank.

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.

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