Tuesday, June 5, 2012

PNB reworks deal with MetLife to fit regulatory bill

....According to the deal, all PNB branches (more than 5,600) will sell MetLife’s insurance products. The bank will earn a fee for selling those products. The new proposal has been submitted to the regulator for approval. Interestingly, the former proposal was approved by the Reserve Bank of India but hit a roadblock with the Insurance Regulatory and Development Authority (Irda) over the valuation......

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