Tag Archive for bank

ICICI Lombard signs distribution tie-up pact with RBL Bank

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ICICI Lombard General Insurance Ltd., one of India’s leading private sector general insurance companies and RBL Bank have entered into a Corporate Agency Tie-up agreement. The agreement has been signed for the distribution of ICICI Lombard’s non-life insurance products at RBL Bank branches all over the country as part of the insurer’s Bancassurance channel focus.

 

ICICI Lombard will now offer its non-life insurance solutions to RBL Bank customers spread across the latter’s 246 branches. Bancassurance tie-up is an important part of ICICI Lombard’s growth strategy and the company is focused on forging successful alliances, to enhance its distribution network in the country.

 

Commenting on the tie-up, Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance stated, “We are delighted to have partnered with RBL Bank. At ICICI Lombard, we endeavor to make our products available to our consumers through multiple and convenient channels. The tie up with RBL Bank is a step forward in this direction and will enable RBL Bank customers to source our non-life insurance solutions from the convenience of their bank’s branches and other customer connect points. We will continue to pursue customer centric ways to help consumers avail of and benefit from our range of non-life insurance offerings.” Read more

BANK OF INDIA Q3 FY18 OPERATING PROFIT AT Rs.1,354 crore

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bank of India announced its audited results for the Q3 FY 2017-18, following approval by its Board of Directors on February 12, 2018.

BUSINESS:

  • ·         Global Business of the Bank stood at Rs.9,05,541 crore as on December 31, 2017 against Rs.9,29,656 as on December 31, 2016. The de-growth in total business level has been as a result of conscious decision of the Bank for Consolidation, Cleansing of books and for Conservation of Capital.  Read more

Dena Bank ties up with RXIL for TReDS

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Dena Bank has started discounting invoices of MSMEs on TReDS platform from05.02.2018.

Earlier, Dena Bank was registered with RXIL (Receivable Exchange of India Ltd) as a TReDS (Trade Receivable Discounting System) partner for discounting invoice of MSMEs on digital platform.

 

On October 24, 2017, Hon’ble Finance Minister, Govt. of India, has mandated all major PSUs to get registered on TReDS platform to shorten cash cycles of MSMEs. Read more

Canara HSBC Oriental Bank of Commerce Life Insurance promises to deliver best in class customer experience through service excellence & progressive technology

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By  Vivek K. Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Private life insurance company Canara HSBC Oriental Bank of Commerce Life Insurance has scaled up their entire technological infrastructure and added significant digital outreach capabilities to meet customers’ needs in real time and ensure convenience at all stages. The Company aims to become a complete digital organization in the next three years. Read more


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