• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, Sept. 26

Canara Robeco, a joint venture between Canara Bank and Robeco Groep NV, has received regulatory approvals for commencing operations. The new entity was formally announced at a board meeting today. Mr Rajnish Narula, is the CEO of the venture.

The two parties had entered into an MoU in March to undertake the asset management business. Canara Robeco is a successor to Canara Bank’s existing asset management arm, Canbank Investment Management Services.

With approvals from the Securities and Exchange Board of India and the Reserve Bank of India in place, Canara Bank retains 51 per cent in the company, while 49 per cent is held by Robeco.

Robeco is fully owned by Rabobank (since 2001).

More Stories on : Alliances & Joint Ventures | Asset Management Companies

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
‘HNIs prefer equity, commercial realty’

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line