Shivalik Mercantile Co-operative Bank, an urban cooperative bank based in the North, has announced a bancassurance tie-up with the country’s largest life insurer, LIC of India. This tie-up would allow the cooperative bank to offer LIC’s life insurance products through the former’s network of 21 branches and 12 branch correspondent offices spread across UP and Madhya Pradesh. The MoU was signed by Suveer Kumar Gupta, MD and CEO of Shivalik Bank, and Suparno Chakravorty, Regional Manager (B&AC) North Central Zonal Office Kanpur, LIC.
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