You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

AU Bank enters into agreement with Care Health

Capital Market 

AU Small Finance Bank entered into agreement with Care Health Insurance Company for health insurance products as Corporate Agent.

The Bank has been issued certificate of registration CA0515 under Registration of Corporate Agents - Regulations, 2015 by Insurance Regulatory and Development Authority of India (IRDAI) and Bank has entered into agreement with Care Health Insurance Company (formerly known as Religare Health Insurance Company) for health insurance products, AU Small Finance Bank said.

This tie up shall be mutually beneficial for Care Health Insurance Company and AU Small Finance Bank in terms of business, market penetration and reach.

The announcement was made after market hours yesterday, 3 November 2020. Shares of AU Small Finance Bank rose 0.28% to settle at Rs 771.80 yesterday.

AU Small Finance Bank is a scheduled commercial bank which transited from an Asset Financing NBFC to an SFB; started in 1996; commenced banking operations in 19 April 2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 04 2020. 09:00 IST