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Jammu & Kashmir Bank enters into agreement with New India Assurance Company

30 Apr 2024 Evaluate

Jammu & Kashmir Bank has entered into Corporate Agency agreement with New India Assurance Company. This is a MOU for servicing and soliciting the insurance products of New India Assurance Company through the branches of Jammu & Kashmir Bank. There are no rights to appoint directors, share subscription in case of issuance of shares and restrict any change in capital structure.

The Corporate Agency Agreement between New India Assurance Company & Jammu & Kashmir Bank will help in generating revenue for the bank from the sales of insurance policies. The expected benefit shall depend upon the amount of premium mobilized.

Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.


Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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