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Vijaya Bank declared to exit from the insurance JV

Vijaya 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.