Bank of Baroda acquires Union Bank of India’s 21% stake IndiaFirst Life Insurance
Pursuant to a ‘Right of First Offer’ (ROFO) made by Union Bank of India (UBI) to the existing shareholders of Read more
Bank of Baroda
Bank of Baroda plans to list life arm in next fiscal
Bank of Baroda is considering an initial public offer (IPO) of its insurance arm IndiaFirst Life in the next financial Read more
LIC raises stake in Canara Bank, Bank of Baroda
The Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 per cent through preferential allotment Read more
LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8000 cr
State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore. Read more
IndiaFirst Life insurance to set up agency for loyalty programs
IndiaFirst Life Insurance, a joint venture between two public sector banks—Bank of Baroda and Andhra Bank—along with UK’s risk, wealth and investment company Legal & General recently invited proposals for empanelment of agency for managing the company’s loyalty programs. Read more
IndiaFirst Life Insurance launches 2nd Phase of its Social Responsibility Initiative – AutoLife
IndiaFirst Life Insurance, a joint venture between two public sector banks – Bank of Baroda and Andhra Bank along with UK’s risk, wealth and investment company Legal & General announced launched the second phase of their social responsibility initiative AutoLife. Read more
India may cut rates over inflation data
India’s wholesale inflation cooled to its weakest pace in 10 months in November, a sign the economy may finally be escaping a long period of price pressure and raising the chances of a rate cut in January. Read more
IndiaFirst Life Insurance completes three years; Total Assets Under Management at Rs. 3,000 crore
IndiaFirst was awarded the ISO 9001:2008 certification within 7 months of operations. The company’s belief in the  power of thinking new and always keeping customers as first priority has earned the company a number of  recognitions and awards during its journey towards completing 3 glorious years. IndiaFirst has been awarded with  Company of the Year Award – Life Insurance at The Indian Insurance Awards, 2012. It has also won the prestigious  Celent Model Insurer Award (Asia), 2012 and the CIO 100 Award (India Edition), 2011. Read more
IndiaFirst Life Insurance launches Simple Benefit Plan
IndiaFirst Life Insurance launched ‘Simple Benefit Plan’ that offers dual benefits of a life cover and assured savings.
“Simple Benefit Plan offers an insurance cover on your life and additionally helps you earn and secure returns on the money that you  invest with us, with premiums as low as Rs 174 per month. Read more
IBFA awards the best in banking, insurance cos
To honour the best banks and financial institutions, CNBC-TV18 organised the annual IBFA Awards and an eminent jury picked out the winners from across public and private sector banks. The best insurance companies were also honoured. The award for the best public sector bank this year is shared between Bank of Baroda and Punjab National Bank. Read more
