AU Small Finance Bank has terminated the Corporate Agency agreement with Acko General Insurance. The intimation to IRDAI has been given on February 09, 2021 in this regard.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.