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Moneycontrol.com >> Messageboard >> Stocks >> Bank of Baroda >> BSE Announcements on Bank of Baroda
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BSE Announcements on Bank of Baroda (1)   10-Nov-09 16:29Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 10-Nov-09 16:29 )
Price : [Bank of Baroda - BSE:Rs. 535.10 NSE:Rs. 232.35 when posted]
With reference to the earlier announcements about Bank of Baroda entering into Life Insurance business through a Joint Venture Company partnering with Andhra Bank and Legal & General of U.K., where Baroda holds 44% stake, the Bank advises as under:

1. The name of the JV (Company) has been changed to "IndiaFirst Life Insurance Company Ltd" from "Baroda L & G Life Insurance Co. Ltd."

2. The permission of IRDA for commencement of life insurance operation (R 3 approval) has since been received by the Company. Accordingly the Company will go for soft launch of its business shortly.
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