Chandigarh, 20 July 2016: Bank of Baroda, India’s leading public sector bank has entered into corporate agency (non-life insurance) agreement with Cholamandalam MS General Insurance Co. Ltd with the objective to distribute multiple general insurance products to its customers.
Mr. P S Jayakumar, Managing Director &CEO of Bank of Baroda, exchanged the Corporate Agency Agreement with Mr S S Gopalrathnam, Managing Director of Cholamandalam MS General Insurance Co Ltd on 18th July, 2016.
On this occasion Shri Mayank K Mehta (Executive Director),Bank of Baroda, said,“We are delighted to partner with Chola MS for distributing the general insurance products through Bank of Baroda. The multiple product options will provide the customers best-in-class product suiting to their requirements. Bank of Baroda and Chola MS being strong players in their respective markets, this relationship will manifest into win-win situation for the stake holders of both the entities.”
Narration of the Photograph:Shri P S Jayakumar (3rd from right), Managing Director & CEO, Bank of Baroda seen exchanging the agreement with Shri S SGopalrathnam (4th from right), Managing Director, Cholamandalam MS General Insurance Co Ltd. Also present are Shri B B Joshi (2nd from left), Executive Director, Bank of Baroda; Shri Mayank K Mehta (2nd from right), Executive Director, Bank of Baroda; Shri O K Kaul (1st from right), General Manager, Bank of Baroda and Shri Rakesh Bhatia (1st from left), Head-Marketing & WMS, Bank of Baroda.
About Bank of Baroda:
Bank of Baroda (“The Bank”) established on July 20, 1908 is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India.
Bank of Baroda is one of India’s largest banks with a strong domestic presence spanning 5,330 branches and 8,975 ATMs supported by self-service channels. The Bank has a significant international presence with a network of 106 branches/ offices subsidiaries, spanning 24 countries. The Bank has wholly owned subsidiaries including BOBCARDS and BOB Capital Markets. Bank of Baroda also has joint ventures for life insurance with IndiaFirst Life Insurance and for asset management with Baroda Pioneer Asset Management. The Bank owns 98.57% in Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
For further information, visit www.bankofbaroda.com