Move to hive off insurance biz won't impact India operations...

ING Group s decision on Monday to sell its insurance operation and thus completely separate its banking and life insurance operations internationally will have no immediate implications in India. The separation will be carried out over the next four years by a disinvestment of all insurance operations and will currently have no impact on ING s operations in India, including its life insurance and bank operations, said ING. ING Life India is a joint venture between ING Group (26%; ING Insurance International BV), Exide Industries (50%), Ambuja Cements Limited (11.5%) and Enam Group (12.5%). Speaking on the developments, John Boers, chief financial ...

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