Canara Bank to mobilise around Rs 500 crore via Canara Robeco IPO

Canara Bank is expected to raise over ₹500 crore through the partial sale of its mutual fund subsidiary, Canara Robeco Asset Management Company, by offloading a 13% stake via an IPO. This move aims to enhance the bank's capital adequacy ratio, supporting advances growth and branch expansion. Following this, Canara Bank plans to monetize a 14.