Business Daily from THE HINDU group of publications
Saturday, Dec 23, 2006

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Money & Banking - General Insurance
Bank of Maharashtra insurance foray

Our Bureau

Mumbai, Dec 22

Bank of Maharashtra has decided to establish a three-way venture for general insurance with Shriram Financial Services Holdings and Sanlam of South Africa. The bank will hold equity stake of 15 per cent. "The bank will approach the regulatory authorities for necessary approvals shortly," said a BSE announcement.

More Stories on : General Insurance | Public Sector Banks

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Stories in this Section
Award for Canara Bank

Forex reserves rise by $75 m
Rupee gains marginally
Bank of Maharashtra insurance foray
ICICI Lombard to tap rural rich
GIC move to rein in third party claims
Foreign investments up to 49 pc allowed in stock exchanges
Drive to cut NPAs
HDFC Bank opens 2 branches in Kerala
UTI Bank's NRI fest in Mangalore
TMB opens 4th branch in Tuticorin
Syndicate Bank to get $100-m credit line from Wachovia
Gross bank credit up Rs 25,768 cr
Kerala: MLAs urge bankers to improve credit delivery
Call rates spurt on tight liquidity
T-bills auction announcement
PNB hikes fixed deposit rates
Shamrao Vithal to buy Bangalore-based co-op bank

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