Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.221)

221. 

SBI Life Insurance join hands with this bank for bancassurance partnership recently.

[A]. Punjab National Bank
[B]. Allahabad Bank
[C]. Corporation Bank
[D]. Andhra Bank

Answer: Option B

Explanation:

A 'bancassurance' pact was signed between State-owned Allahabad Bank and SBI Life Insurance to sell the policies of the insurer from over 3,238 branches of the Allahabad Bank. The agreement is considered as one of the largest Bancassurance partnerships in the country. The agreement was signed in the presence of Allahabad Bank Managing Director (MD) and Chief Executive Officer (CEO) Mallikarjuna Rao and SBI Life MD & CEO Sanjeev Nautiyal.

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