Tag: Life insurance

CtrlS Datacenters partners with Canara HSBC Oriental Bank Of Commerce Life Insurance

CtrlS Datacenters, Asia’s rated-4 hyperscale data center and managed services player has recently collaborated with Canara HSBC Oriental Bank Of Commerce Life Insurance as a strategic technology partner to enhance their overall technology infrastructure resilience by deciding to operate out of one of CtrlS data center facilities thereby supporting and enabling the life insurer’s overall…

IDBI Bank sells stake in its life insurance arm to Belgian partner for Rs 507 cr

IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on December 31, 2020 pursuant to receipt of the requisite regulatory approvals. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank’s shareholding in IFLI now stands at 25% from the…