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BoM opts out of General Insurance JV

Bank of Maharashtra, the Pune-based public sector bank, has opted out of a joint venture between Shriram Financial Services and South Africa's Sanlam due to differences.

Apnainsurance.com Research Bureau

03 Apr 2008

Bank of Maharashtra, the Pune-based public sector bank, has opted out of a joint venture between Shriram Financial Services and South Africa's Sanlam due to differences. BoM was to have a 15 per cent stake in the general insurance entity.