Bank of Baroda partners with UK's L

Written by:
Subscribe to Oneindia News

New Delhi, Nov 16 (UNI) State-run Bank of Baroda today entered into an agreement with the United Kingdom (UK) based insurance firm Legal&General to float a life insurance joint venture (JV).

In the JV, the UK firm will hold a 26 per cent stake, Andhra Bank with a 30 per cent holding, the remaining will be held by Bank of Baroda, a statement said.

The BoB on November 9 had signed an agreement with Export Credit Guarantee Corporation of India Ltd (ECGC), the only export credit insurance provider in the country, for the distribution of laters products.


Please Wait while comments are loading...