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PNB Employees Pension Fund has invested Rs 129.41 crore in life insurer, MetLife, Parliament was informed on Tuesday. While Punjab National Bank (PNB) is functioning as corporate agent of MetLife for life insurance business, it has not yet acquired any share in MetLife, the Minister of State for Finance, Mr Namo Narain Meena, said in a reply to a Rajya Sabha question.
The bank had, in July 2011, announced plans to acquire 30 per cent stake in MetLife India Insurance Company, making it the largest shareholder in the joint venture life insurer.
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