Bank of India Eyes Listing of Mutual Fund and Insurance Arms

Bank of India (BOI) might sell stock in its mutual fund and insurance companies, like other banks have done.

However, BOI wants to make these companies bigger and more successful first.

BOI's mutual fund manages a lot of money, and they own part of a life insurance company.

BOI wants to improve these businesses before considering to sell stock.

This means more customers and better products to generate long term value.