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Tamilnad Mercantile Bank inks pact with two insurance companies

24 Nov 2022 Evaluate

Tamilnad Mercantile Bank has entered into corporate agency agreement with Cholamandalam MS General Insurance Company and Max Life Insurance Company.

The bank has inked agreement with Cholamandalam MS General Insurance Company for the purpose of marketing, distribution & selling the general insurance products, while agreement with Max Life Insurance Company for the purpose of marketing, distribution & selling the Life Insurance products

Tamilnad Mercantile Bank is one of the oldest private sector banks in the country, with a history of almost 100 years. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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