The city-headquartered state-owned bank had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) into itself last fiscal year.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-national-bank-to-divest-stake-in-canara-hsbc-obc-life-insurance/articleshow/83070646.cms
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