Tamilnad Mercantile Bank has entered into corporate agency agreement with Bajaj Allianz Life Insurance Company on December 7, 2022. The main objective to enter into an arrangement is for the purpose of marketing, distribution & selling the life insurance products. Earlier, the company had entered into corporate agency agreement with Cholamandalam MS General Insurance Company and Max Life Insurance Company.
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.
