Punjab National Bank (PNB), state-run lender, has shortlisted Bharti AXA Life Insurance, MetLife Insurance and Aviva Life Insurance companies for its fresh foray in the life insurance business.

PNB had earlier ventured into the life insurance business in 2005 in partnership with Principal Financial Group of Mauritius and UK (Berger) Paints. In January this year the bank decided to part ways with them and bought 26 per cent stakes of PFG and 32 per cent stakes of UK paints in Principal PNB...  Read More »

In a press release, Punjab National Bank (PNB) announced that they have bought 26% stakes of Principal Financial Group of Mauritius (PFG) and 32% stakes of UK (Berger) paints in Principal PNB Life Insurance Company Ltd.

PNB is likely to take a decision on a fresh foray in the Insurance Business. They are looking to offer insurance in life and non-life business. The bank may form strategic tie-ups with interested parties and has invited expression of interest (EOI) from both Indian and...  Read More »