Bank of India (BoI) along with the Japanese insurance major, Dai-Ichi Mutual Life Insurance Company, and the Union Bank of India have entered into an arrangement to set up a life insurance company as a joint venture.
The company will split the capital stake at 51 per cent, 26 per cent and 23 per cent respectively, amongst the three partners, BoI officials said. Incidentally, the bank will also start a joint venture in Zambia soon.
The company will split the capital stake at 51 per cent, 26 per cent and 23 per cent respectively, amongst the three partners, BoI officials said. Incidentally, the bank will also start a joint venture in Zambia soon.
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