City Bank has received approval from the Bangladesh Bank on Wednesday to start Bancassurance business with Guardian Life Insurance Ltd. Mohammad Shahriar Siddiqui, director, Banking Regulation and Policy Department (BRPD) of Bangladesh Bank, handed over the approval document to Sheikh Mohammad Maroof, AMD & chief business officer of City Bank. This is the first approval of its kind received by any bank in the country. This approval will allow City Bank to market and sell insurance products from its branches and other channels very soon after receiving the necessary nod from the Insurance Development and Regulatory Authority (IDRA).
City Bank received approval from Bangladesh Bank to start Bancassurance business with Guardian Life Insurance
FE Team | Published: January 24, 2024 23:39:27
City Bank received approval from Bangladesh Bank to start Bancassurance business with Guardian Life Insurance
Share if you like