Punjab National Bank's foray into Insurance Business

Punjab National Bank had invited Expression of Interest from intending insurance companies for strategic partnership in insurance business with the Bank in December, 2010.

Punjab National Bank had invited Expression of Interest from intending insurance companies for strategic partnership in insurance business with the Bank in December, 2010. The Bank received overwhelming response from Indian and International Insurance companies proposing different models. The Bank will participate in the life insurance venture through a 'corporate agency tie-up along with equity participation in an existing Indian life insurance company'.

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