HSBC Insurance Holdings is in talks with Canara and the Oriental Bank of Commerce ( OBC ) over increasing its stake from 26 % in their joint venture , following the Indian government allowing foreign investment in India to rise to 49 % in the country . This will help the government to spur investment in the country and boost infrastructure spending. Canara HSBC Oriental Bank of Commerce Life Insurance Company was formed by the three banks in 2007 , with Canara holding 51 % , HSBC 29 % and OBC 23 % stakes in venture .
HSBC Insurance Holdings is in talks with Canara and the Oriental Bank of Commerce ( OBC ) over increasing its stake from 26 % in their joint venture , following the Indian government allowing foreign investment in India to rise to 49 % in the country . Canara HSBC Oriental Bank of Commerce Life Insurance Company was formed by the three banks in 2007 , with Canara holding 51 % , HSBC 29 % and OBC 23 % stakes in venture .