Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO

Since IDBI Bank is now owned by LIC, it won’t be selling Ageas Federal insurance policies anymore. Ageas acquired an additional stake of 23% from IDBI Bank in Ageas Federal Life Insurance for around Rs 460 crore. Now, Ageas holds 49% in the insurer, and Federal Bank 26%.

from Moneycontrol Business News https://ift.tt/3whsXvB