PNB seeks JV partner in insurance सेक्टर
New Delhi: Punjab National Bank said its plans to foray into insurance business are alive and is looking for a joint venture partner."PNB has decided to have a fresh comprehensive re-look at its strategy for insurance business in India with a view to provide full range of financial products to its Indian customers and to realise full value of Bank's reach and customer base," the bank said in a statement here.
The bank said it is looking for opportunities in both life and non-life business.
It invited expression of interest (EoI) for strategic partnership in life insurance and non-life insurance business from Indian and international companies.
"The bank will evaluate these opportunities and may form strategic tie-ups with interested parties," PNB said.
It said it is open to any operating model ' whether existing in the industry or new ' for such strategic partnerships.
"The bank is looking for opportunities both in short-term and long-term. In this.
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