With reference to the earlier announcements about Bank of Baroda entering into Life Insurance business through a Joint Venture Company partnering with Andhra Bank and Legal & General of U.K., where Baroda holds 44% stake, the Bank advises as under:
1. The name of the JV (Company) has been changed to "IndiaFirst Life Insurance Company Ltd" from "Baroda L & G Life Insurance Co. Ltd."
2. The permission of IRDA for commencement of life insurance operation (R 3 approval) has since been received by the Company. Accordingly the Company will go for soft launch of its business shortly.
| NIFTY 
