Bank of Baroda to enter Insurance Business
Bank of Baroda is the country’s third largest public sector lender and in the realm of finance world, the latest news about this bank is its latest venture with the UK- based Legal and General Group. On 16th august the bank declared in New Delhi that it expected to commence operations towards this venture in the next seven months, as stated to PTI. There are already around 21 players in the life insurance sector, with the latest being Star Union Dai-ichi Life which started its operations in February this year.