Vijaya Bank declared to exit from the insurance JVVijaya Bank declared to exit from the insurance JV
Apnainsurance.com Research Bureau
16 Jul 2008
Vijaya Bank has opted out of its insurance joint venture with Principal Financial Group of USA and Punjab National bank (PNB).
Vijaya Bank and PNB had a 5% and 30% stake respectively, with Principal Financial Group holding the majority stake of 65 per cent.