2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PNB
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SBI
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PNB
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HDFC
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Detailed explanation-1: -Canara Bank on Thursday 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 Rs 121.29 crore. CIBL, incorporated in 2003, is a joint venture in Russia between SBI (60 per cent) and Canara Bank (40 per cent).
Detailed explanation-2: -The duo’s joint venture in Russia is called Commercial Indo Bank Llc, Moscow, in which the biggest bank owns 60 per cent equity stake, and Canara Bank owns the rest.
Detailed explanation-3: -View 6 reports from 2 analysts offering long term price targets for Canara Bank. Canara Bank has an average target of 374.50. The consensus estimate represents an upside of 24.38% from the last price of 301.10. Reco-This broker has downgraded this stock from it’s previous report.