PNB (Punjab National Bank) is entering Life Insurance but no one is exiting

PNB (Punjab National Bank) is entering Life Insurance but no one is exiting.

In various Blogs we wrote some one is entering and some one is exiting. In MetLife India Insurance Co Ltd no one is exiting but PNB is putting in additional equity. This will result in increase in equity of MetLife .The equity of other partners J& K Bank, Pallonji & MetLife will come down. This may be the case where MetLife share is coming down below 20%.

The equity of PNB will be 30%.

We appreciate ownership of banks rather than Banca Model as when the bank is investor there is a good stability and customers get service on long term basis.