Canara HSBC Oriental Bank of Commerce Life Insurance CEO says will wipe out losses of Rs 160 cr
Private insurer Canara HSBC Oriental Bank of Commerce Life Insurance is expecting to wipe off its accumulated loss of Rs 160 crore in the current fiscal, its managing director and chief executive officer Anuj Mathur said.
The life insurance firm formed in 2008 is a joint venture in which Canara Bank holds 51%, Oriental Bank of Commerce 23% and HSBC Insurance (Asia Pacific) Holdings 26%. Image source: DNA