Catholic Syrian Bank in pact with Birla Sunlife

Kochi: Catholic Syrian Bank has decided to subscribe to Birla Sun Life Insurance Company's (BSLI) group superannuation plan.

With a commitment to provide its 3,000 employees with a comfortable retirement benefits, the bank has chosen BSLI as the ideal partner to park the corpus of Rs 10 crore.

Commenting on the development, NR Achan, chairman and CEO of the bank, said: "It is but natural that we cement our relationship further by entrusting BSLI with our employee benefit superannuation fund. We are positive that BSLI will create value for us. Their transparent ways of functioning and prudent management practices are well known to us."