Bank of Baroda to offer Life Insurance
Announcements, Banking Sector, Insurance Sector April 1st, 2007
 (No Ratings Yet) Loading ... |
Bank of Baroda to offer Life Insurance
Mumbai-based Bank of Baroda has announced that they would soon start offering Life Insurance solutions to their customers.
BoB has announced a joint venture they are setting up with two other nationalized banks Punjab National Bank and Andhra Bank.
Anil K Khandelwal, chairman and managing director of BoB said: “BoB will own 40% of the proposed venture while PNB and Andhra Bank will hold 35% and 25% respectively.”
The company has also announced that UK-based insurance firm Legal and General would be their joint venture partner for the insurance business.
Khandelwal said: “We will hold 50% in the insurance JV while the Legal and General will own 26% and we are scouting for the third partner.”
The bank also revealed that they have now upgraded the status of its two branches in Hong Kong to full fledged branches.
Popularity: 14% [?]
Related Posts
More ATMs coming at Indian Railway Stations
Forbes’ list of 2000 corporate giants has 34 Indian companies
UTI Bank is now officially Axis Bank
ICICI Bank gets approval from shareholders for merging with Sangli Bank
Sangli Bank’s Employees oppose merger with ICICI Bank
About
Sir, We have interest for boblifeinsurnace corporate agency, we have contiune jointed in life insuance gowth business in surat, so please sumbit your policy and product sumbmmision for mail addres or company address given below. From Patel&co., C-503,president Plaza, Ring Road Surat. 395001. Thanking You.