Reliance Capital Arm and YES Bank in Bancassurance Pact

Posted on:18 Nov 2017 14:21:40
Reliance Capital Arm and YES Bank in Bancassurance Pact
18 November 2017 Current Affairs: Reliance General Insurance, a subsidiary of Reliance Capital, has signed a comprehensive bancassurance-corporate agency agreement with YES Bank.

YES Bank with its network of 1,040 branches across all 29 States and seven Union Territories will enable Reliance General Insurance to reach a large base of retail and MSME clients.

This is the first partnership signed by YES Bank since the open-architecture norms under the corporate agency regulations were introduced by the IRDAI in April 2016.

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