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1. Which bank has approved the dilution of its stake in Canara HSBC Life Insurance through an IPO?
Punjab National Bank (PNB) has decided to dilute 10% of its 23% stake in Canara HSBC Life Insurance through an initial public offering (IPO). This strategic move aims to unlock value from its investment in the life insurance joint venture. PNB's approval signifies its intent to leverage the capital market to optimize its stake in the company, potentially leading to increased liquidity and shareholder value.