BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

HDFC Life has entered into a bancassurance tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. Catholic Syrian Bank based in-?

A	Mumbai
B	Thrissur
C	Jaipur
D	Varanasi

Explanation:

Detailed explanation-1: -HDFC Life distributes its products through a multi-channel network consisting of Insurance agents, Bancassurance partners (HDFC Bank, Saraswat Bank, RBL Bank), a Direct channel, Insurance Brokers, MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc.

Detailed explanation-2: -The partnerships comprise 270 bancassurance partners including NBFCs (Non-Banking Financial Companies), MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc.

Detailed explanation-3: -CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) is an Indian private sector bank with its headquarters at Thrissur, Kerala, India.

Detailed explanation-4: -MUMBAI: The 100-year-old CSB Bank (formerly Catholic Syrian Bank), which is now majority owned by Canadian-billionaire Prem Watsa’s Fairfax Group, has charted a route to transform itself into a new-generation private bank.

There is 1 question to complete.