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Karur Vysya Bank inks MOU with SBI life Insurance Company

02 Mar 2012 Evaluate

Karur Vysya Bank has signed a memorandum of understanding (MOU) with SBI life Insurance Company for providing GMRA policy cover to the bank's housing loan customers under group insurance. The Bank has also executed a master policy with BSLI for offering the GMRA policy under the group insurance.

Further, the bank has a tie up arrangement with LIC of India in offering the same product and it is being offered since 2004-2005.

Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

Peers
Company Name CMP
HDFC Bank 703.00
ICICI Bank 1315.70
Axis Bank 1226.75
Kotak Mahindra Bank 414.80
Indusind Bank 885.65
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