Chandigarh, 19 July 2016: Bank of Baroda, India’s leading public sector bank has entered into corporate agency (non-life insurance) agreement with TATA AIG 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 Neelesh Garg, MD&CEO of TATA AIG 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 TATA AIG for distributing the general insurance products through Bank of Baroda. I am sure that this partnership will go long way in providing comprehensive and all – encompassing general insurance products to our customers. Bank of Baroda and TATA AIG being strong players in their respective markets, this relationship will manifest into win-win situation for the stake holders of both the entities.”
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
Narration of the Photograph:Shri P S Jayakumar (3rd from right), Managing Director & CEO, Bank of Baroda seen exchanging the agreement with Shri Neelesh Garg(3rd from left), Managing Director& CEO, TATA AIG General Insurance Co. Ltd. Also present are Shri B B Joshi (2nd from left), Executive Director, Bank of Baroda; Shri Mayank K Mehta (2ndfrom 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.