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The Industrial Development Bank of India, for example, has traditionally been involved in old economy industries, but now will get involved in the film industry, said Vinay Kumar, the bank's general manager. More than a dozen Indian banks and financial institutions, including major ones such as the State Bank of India, Bank of Baroda and Industrial Development Bank of India, are in talks with foreign insurers to enter partnerships. A, Itochu Corporation in Japan, and Industrial Development Bank of India (IDBI). |
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