Canara Bank said it has sold its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI) for about ₹121.29 crore. Incorporated in 2003, CIBL is a joint venture between SBI (60%) and Canara Bank (40%). Canara Bank said it has received the entire consideration amount on Thursday.
short by
Srishty Choudhury /
10:52 pm on
23 Mar