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Canara
Bank, Dabur CGU join hands
Our Banking Bureau
7 November 2001
 Mumbai:
Canara Bank has
signed an agreement with Dabur CGU Insurance for distributing
Dabur CGU’s life-insurance products.
Says Canara Bank CMD R V
Shastri: “We are constantly striving to bring value-added
services and products to our customers. In Dabur CGU we have a
partner who not only shares these objectives but has a
track-record of delivery around the world.” Canara Bank has a
total business in excess of Rs 88,000 crore and a network of 2,406
domestic branches.
Says Dabur CGU CEO Stuart
Purdy: “We are looking forward to launching the business in the
next year. The partnership with Canara Bank is the most
significant step towards the success of our core strategy of
achieving a wider distribution across India.” CGU, the foreign
partner of the insurance venture with Dabur, is one of  UK’s
largest insurance groups.
Dabur CGU’s partnership
with Canara Bank will also enable it to achieve the social
obligation target set by the Insurance Regulatory Development
Authority. Canara Bank has a large number of community-focussed
initiatives to assist rural development around the country.
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