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Article: LIC inks JV with Corp Bank, GE Money to enter credit card biz.

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PTI - The Press Trust of India Ltd.
Article date:
September 7, 2007
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LIC inks JV with Corp Bank, GE Money to enter credit card biz

Mumbai, Sep 6 (PTI) Life Insurance Corporation of India (LIC) will soon launch its credit card business in association with GE Money India and Corporation Bank.

A Memorandum of Understanding was signed this effect was signed by GE Money India, LIC Housing Finance Ltd and LIC Mutual Fund today to create a credit card company, LIC said in a statement.

The parties aim to finalise the definitive agreements by end of October.

The proposed venture would leverage LIC and Corporation Bank's brand and ...

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