Union Bank, BoI, Dai-ichi float life insurance JV
| Union Bank, BoI, Dai-ichi float life insurance JV |
| BS Reporter / New Delhi December 06, 2007 |
| Union Bank of India, Bank of India and Japan-based Dai-ichi Mutual Life Insurance today floated a life insurance joint venture company with an initial authorised capital of Rs 250 crore. Union Bank will hold majority 51% stake in the joint venture, Star Union Dai-ichi Life Insurance Company. Bank of India will hold 23% and Dai-ichi 26% in the company. "The joint venture company, with the strength of domestic venture partners in the Indian financial sector coupled with the Dai-ichi Life Insurance |
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First Published: Dec 06 2007 | 5:23 PM IST