News

Business Standard reports that after failed talks with Nippon Life in Japan for a join insurance venture due to Japanese regulatory issues BoB is now in negotiations stage with three European groups viz. SocGen, Munich Re and Legal & General.

Of these, Muich Re and SocGen already have business interests in India, with Munich Re conducting it's reinsurance business and SocGen controlling significant equity in SBI Fund Management Company and Apeejay Finance.

It remains to be seen how the talks take turn.