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Karnataka Bank enters into MoU with LIC

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 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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