Karnataka Bank enters into MoU with LIC

The Karnataka Bank Ltd. | Bank - Private | BFSI | BSE: 532652 | NSE: KTKBANK

22 May 2017 Evaluate

Karnataka Bank has entered into Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC) on May 22, 2017 for selling life insurance products of LIC. Through this MoU, the Bank will be able to provide vast choice of life insurance products to its customers across all its 769 branches.

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.

Peers

Company Name	CMP
HDFC Bank	729.10
ICICI Bank	1337.10
Axis Bank	1240.90
Kotak Mahindra Bank	412.80
Indusind Bank	957.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.