Canara and Robeco partner in India


Canara Bank of India and asset manager Robeco of the Netherlands are to set up a joint asset management venture in India. The joint venture, Canara Robeco Asset Management, which is still subject to regulatory approval, aims to offer mutual funds, and structured and alternative products to investors in India. The partnership will be one of equals in terms of governance, with Canara Bank retaining 51% of the shares. Canara Bank's existing asset management arm, Canbank Mutual Fund, will form a

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