Bank of Baroda will buy Union Bank stake in India First Life
Bank of Baroda has agreed to buy 21%stake of Union Bank of India in the India First Life insurance company .
After acquisition of 21%stake in the Insurance company , the Bank of Baroda stake will rise to 65 %, Union Bank of India will hold 9% and Carmel Point Investments India will have the remaining 26% stake in the company .
The headquarters of India First Life Insurance company was set up in 2009 .
Its headquarters : Mumbai
Bank of Baroda
It is the second largest public sector bank after SBI
Headquarters : Vadodara , Gujarat
Dena bank and Vijaya Bank merged with Bank of Baroda 0n 1 April 2019.
Chairman : Hasmukh Adhia
MD and CEO : Sanjiv Chadha
Union Bank of India
It is a public sector bank owned by the Government of India .
Corporation Bank and Andhra Bank merged with Union Bank on 1 April 2020.
Its headquarters : Mumbai, Maharashtra
MD and CEO: Rajkiran Rai G.
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