Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Indian public banks trim stakes in insurers

September 06, 2018 Reprints

Public sector banks in India are trimming their stakes in insurers as they look to unlock capital, Money Control reports. Insurers are non-core assets and provide good monetization opportunity, but the banks need core assets like good quality loans. Indian Overseas Bank and Allahabad Bank are reportedly looking to exit joint venture Universal Sompo General Insurance Co. Ltd.

Help

Indian public banks trim stakes in insurers

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources