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.
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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.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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