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MetLife India, Punjab National Bank Complete Partnership Agreement

MetLife (NYSE: MET) today announced that MetLife India has
completed a partnership agreement with Punjab National Bank (PNB). Under
the agreement PNB obtained a 30% ownership in the company. MetLife India
will now be known as PNB MetLife India Insurance Company Limited (PNB
MetLife). Commemorating this partnership, the Honourable Finance
Minister of India, Mr. P Chidambaram attended a launch event in New
Delhi today.

PNB is one of the oldest and leading banks in India and is trusted by
customers for over 100 years. It has a vast distribution reach, with
over 5,900 branches and serving over 70 million customers across the
nation. MetLife India has been operating in the country since 2001 and

See full press release

Posted-In: News Guidance Contracts Management Global

 

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