The development underscores private lenders' growing interest in India's lucrative and largely untapped insurance sector. The country's biggest private lender HDFC Bank also announced plans to buy a 9.94% stake in Go Digit Life last month. Digit, which already has a presence in the general insurance business, is foraying into the life insurance segment with its Go Digit Life venture but has not yet received a licence for the unit.from Banking/Finance-Industry-Economic Times https://ift.tt/yINTzPG
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