IDBI signs MoU with Fortis | india | Hindustan Times
  • Wednesday, Jun 20, 2018
  •   °C  
Today in New Delhi, India
Jun 20, 2018-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

IDBI signs MoU with Fortis

IDBI has signed a MoU with the Netherland-based financial services provider, Fortis for setting up a Joint Venture company.

india Updated: Mar 08, 2006 12:20 IST
None

Industrial Development Bank of India Ltd (IDBI) said on Wednesday that it has signed a memorandum of Understanding with the Netherland-based financial services provider, Fortis Insurance International NV (Fortis) for setting up a Joint Venture company.

The Bank informed the Bombay Stock Exchange that it had signed the MoU yesterday with Fortis Insurance.

The JV company would be engaged in life insurance business in India, it added.