Canara HSBC Life Insurance Company IPO: State-owned Canara Bank's subsidiary, Canara HSBC Life Insurance Company Ltd, has filed updated DRHP with capital market regulator DEBI for its proposed initial public offering (IPO). Canara HSBC Life Insurance is a life insurance company offering a range of life insurance plans and policies. Canara HSBC Life Insurance Company is a three-way venture promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of The Hongkong and Shanghai Banking Corporation Ltd (HSBC) group, and another state-owned lender Punjab National Bank (PNB). The company had the third-highest assets under management (AUM) amongst public sector-promoted led life insurers, as of March 31, 2024. Earlier this month, Canara Bank had said that Canara HSBC

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