Allahabad Bank, a leading public sector lender, signed an MoU with TATA AIG Life Insurance on date for providing mortgage term insurance facilities to the housing loan customers of the bank.
This arrangement is in addition to the existing Griha Mongal Scheme of the bank providing similar coverage to the housing loan borrowers of the bank under Tie-up arrangements with LICI.
Shares of the company gained Rs 3.4, or 6.33%, to settle at Rs 57.1. The total volume of shares traded was 583,469 at the BSE. (Wednesday)
Allahabad Bank ties up with Tata-AIG Life Insurance
Wednesday, July 30, 2008 at 6:49 AM Posted by jannel
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