Canara HSBC Life

The regulator's action against Canara HSBC Life highlights how elderly buyers can be mis-sold unsuitable insurance products and what safeguards they should follow

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Life insurance stocks decline after DFS suggests banks avoid exclusive tie-ups, raising concerns over bancassurance models and potential impact on costs and margins

Canara HSBC Life Insurance reported a modest decline in December-quarter profit as higher operating and commission expenses offset strong growth in premium income, APE and value of new business

Canara HSBC Life is among India's top 10 life insurance companies and has a well-diversified product mix, MOFSL said

Canara HSBC's debut price came in slightly below expectations in the grey market, where its unlisted shares were trading at ₹109 per share

Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.

Investors can check their allotment status on the official websites of the NSE, BSE, or through MUFG Intime India

The initial public offer of Canara HSBC Life Insurance Company Ltd received 2.29 times subscription on the final day of bidding on Tuesday. The Rs 2,517-crore IPO got bids for 38,21,61,220 shares against 16,67,15,000 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) category received 7.05 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 42 per cent, and non-institutional investors received 33 per cent subscription. The company on Thursday said it has raised a little over Rs 750 crore from anchor investors. The insurer has fixed a price band of Rs 100-106 per share for its IPO, targeting a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which owns 26 per cent. The IPO is a complete offer for sale (OFS) of 23.75 crore equity

Canara HSBC Life Insurance IPO received bids for 178.92 million equity shares against 166.7 million shares on offer, translating to a subscription of 1.07 per cent

Tata Capital and LG Electronics India are among the key names set to debut on the exchanges, alongside Canara Robeco Asset Management, Rubicon Research, and Canara HSBC Life Insurance

Canara HSBC Life Insurance Company Ltd on Thursday said it has raised a little over Rs 750 crore from anchor investors, just a day before its initial share-sale opening for public subscription. The anchor book received participation from institutional investors including ICICI Prudential Mutual Fund (MF), HDFC MF, DSP MF, WhiteOak Capital, Mirae Asset MF, Allianz Global Investors Fund, Amundi Funds, Matthews India Fund, Tata MF, Motilal Oswal MF and Societe Generale, according to a circular uploaded on BSE's website. Canara HSBC Life has allotted around 7.08 crore equity shares to 33 funds at 106 per share. This translates into an aggregate transaction size of Rs 750.32 crore, the circular showed. The insurer said the Rs 2,516-crore maiden public offering would open for subscription on October 10 and conclude on October 14. The company has set a price band of Rs 100 to Rs 106 per share for its IPO, targeting for a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Li

Canara HSBC Life Insurance IPO is available at a price band of ₹100 to ₹106 per share, with a lot size of 140 shares

Canara HSBC Life Insurance Co IPO is scheduled to open for subscription on Friday, October 10, 2025, and will close on Tuesday, October 14, 2025

Canara HSBC Life Insurance IPO comprises an entirely offer-for-sale (OFS) of 237.5 million equity shares

Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake

The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares

Punjab National Bank (PNB) on Tuesday said it will sell 10 per cent stake in Canara HSBC Life Insurance Company by listing the insurer on the stock exchanges. Currently, PNB holds 23 per cent in the insurance firm. 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) through Initial Public Offer (IPO). The decision is subject to regulatory approval, PNB said in a regulatory filing. HSBC and public sector Canara Bank are promoters of the life insurance company holding 26 per cent and 51 per cent, respectively. PNB is a shareholder with 23 per cent stake. Shares of PNB fell 15.80 per cent to close at Rs 115.35 on the BSE.

Financial services veteran will have a 5-year term; incumbent R M Vishakha to retire in June

The state-owned Central Bank of India on Friday posted a 57 per cent increase in its profit at Rs 718 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 458 crore in the same quarter a year ago. Total income increased to Rs 9,139 crore during the quarter under review against Rs 7,636 crore in the same period last year, the Central Bank of India said in a regulatory filing. However, the net interest income of the bank declined to Rs 3,152 crore during the quarter compared to Rs 3,285 crore in the same period a year ago. Bank's gross Non-Performing Assets (NPAs) declined to 4.50 per cent of the total loans at the end of December 2023 from 8.85 per cent a year ago. Net NPAs or bad loans also came down to 1.27 per cent from 2.09 per cent at the end of the third quarter of the previous fiscal.