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Insurance Chronicle Magazine: |
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Description |
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It reaches more than 70 million customers around the world through its domestic and international subsidiaries and affiliates. It is the largest life insurer in the United States, and is one of the fastest growing life insurance companies in the country. It has 140 years of business experience and has extensive relationship, with more than 90 of the top one hundred Fortune 500 companies. As of June 30, 2008, MetLife has an account portfolio of $350 bn and shareholders equity of $33 bn. MetLife Company is thus one of the world's most respected financial organizations and is ranked as 37th on the Fortune 500 list of companies. In India its affiliates for product distribution are Jammu and Kashmir Bank, Barclays Bank, Axis Bank, Dhanalakshmi Bank and Karnataka Bank, etc.
The Jammu and Kashmir Bank Limited was incorporated on October 1, 1938. It commenced its business from July 4, 1939 at Kashmir. It was the first state-owned bank in the country. According to the extended central laws of the state, and the provisions of Indian companies' act 1956, the Jammu and Kashmir Bank was set up as a government company where 53% of equity shares are owned by the government.
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Keywords |
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MetLife India Insurance Company Private Limited, Insurance services, Financial services, Domestic and international subsidiaries, Life insurance companies, Financial organizations, National
Stock Exchange, NSE, Bombay Stock Exchange, BSE, Multinationals
companies, MNCs, Public sector companies, Private
sector banks. |
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