The Indian public sector banking system is also in urgent need of reforms to governance, management appointment processes, and decision making.
Life Insurance Corporation of India, the leading public - sector life insurer in India, has invested an equivalent of Rs. 2750 crores in shares of leading
Indian public sector banks.
The two
Indian public sector bank, Bank of Baroda and Andhra Bank went into a joint venture with U.K based investment firm Legal and General and has launched India First Life Insurance Company.
Canara HSBC Oriental life insurance Company is a joint venture among two
Indian public sector banks - Canara and the Oriental bank of commerce and an international insurance company - HSBC Insurance (Asia - Pacific) Ltd..
Not exact matches
In its FY17 union budget, the
Indian government announced 250 billion rupees will be allocated toward the recapitalization of
public sector banks.
Set up in 1907,
Indian bank is a
public -
sector holding with its headquarters in Chennai and its branches across Singapore and Colombo.