Second option is we want every subsidiary of Canara Bank to go for an IPO, that option is also open,” Prabhakar said. Currently, Canara HSBC Life Insurance is owned by three entities.

Canara Bank had reported an 11% increase in its standalone net profit for the September quarter, reaching Rs 4,015 crore, compared to Rs 3,606 crore in the same period last year.

Slippages would be much less than recovery as the bank would be underwriting good loans, Raju said. Asked about the initial public offering ... Canara Bank reported an 11 per cent rise in net ...