CURRENT AFFAIRS

Detailed explanation-1: -Answer: Option B Explanation: SBI Life signs bancassurance pact with Paschim Banga Gramin Bank.

Detailed explanation-2: -Answer: Option D Explanation: A bancassurance agreement has been reached between the Paschim Banga Gramin Bank and SBI Life Insurance.

Detailed explanation-3: -Detailed Solution. Indian Bank signed a bancassurance agreement with Max Bupa to provide Max Bupa’s suite of health insurance products to its customers.

Detailed explanation-4: -This bank is sponsored by UCO Bank and owned by the government of India, the government of West Bengal and UCO Bank. The shareholders of the bank are the Government of India (50%), UCO Bank (35%) and the Government of West Bengal (15%). The bank’s head office is located at Tikiapara, Howrah, West Bengal.

Detailed explanation-5: -PBGB profile Paschim Banga Gramin Bank is one of the leading Regional Rural Banks formed by amalgamation of three erstwhile Gramin Banks viz. Howrah Gramin Bank, Bardhaman Gramin Bank and Mayurakshi Gramin Bank as per Govt of India Notification No: 1/4/2006-RRB dated 26.02. 2007.