Karnataka Bank has entered into Memorandum of Understanding (MoU) with Bajaj Allianz General Insurance Company (BAGICL) for general insurance business. The bank will be able to provide vast choice of non-life insurance products to its customers across all its 747 branches, supported by the customer centric products of BAGICL.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.