2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab & Maharashtra Co-operative Bank (PMC Bank)
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Dena Bank
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Canara Bank
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Andhra Bank
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Detailed explanation-1: -Maharashtra based multistate scheduled bank Abhyudaya Cooperative Bank recently tied up with Exide Life Insurance Co.
Detailed explanation-2: -Company merged with HDFC life in late 2022.
Detailed explanation-3: -HDFC Life had completed the acquisition of Exide Life in January 2022. NEW DELHI: HDFC Life Insurance has concluded the merger of Exide Life, marking the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector, the life insurer said in a statement.
Detailed explanation-4: -The Insurance Regulatory and Development Authority of India (IRDAI) on Friday, November 25, approved the merger of Exide Life with insurance company HDFC Life, following the announcement of the deal in September 2021.
Detailed explanation-5: -Exide Life Insurance Company Limited (formerly ING Vysya Life Insurance Company Limited) commenced operations in 2001 and is head quartered in Bangalore. The company is 100% owned by Exide Industries Limited and is proud to be part of a 100 year old brand heritage in India.