Three banks look to tie up for insurance
New Delhi: Oriental Bank of Commerce (OBC), Canara Bank and HSBC may come together for a new initiative on the insurance front. Sources said that a formal announcement is likely to be made in the presence of the Union Finance Minister, P. Chidambaram.
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ICICI Bank plans holding co for insurance, AMC
Mumbai: ICICI Bank plans to set up a holding company for its insurance and asset management businesses- ICICI Holdings. This will enable ICICI to unlock value and raise capital through a public listing in future.

Kalpana Morparia, joint managing director ICICI bank, whose term comes to an end in May has been chosen to head ICICI Holdings as MD & CEO. She said the newly formed company would list in six to eight months of the next financial year in the domestic market.
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