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Won't sell stake in Canfin Homes: Canara Bank

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Press Trust of India Bangalore

Leading public sector bank Canara Bank today denied that it was planning to sell its stake in housing finance subsidiary Canfin Homes.

"Canara Bank has emerged as a financial supermarket and, in this endeavour, Canfin Homes Limited plays an important role," the bank said in a press statement here today.

"Canfin Homes Limited, a housing finance company sponsored by the bank, is performing well and is on a growth trajectory. There is absolutely no question of the bank divesting any of its holdings in Canfin Homes Limited," it added.

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First Published: Jul 12 2010 | 1:50 PM IST

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