Reliance Capital Arm, YES Bank in Bancassurance Pact

Reliance General Insurance, a subsidiary of Reliance Capital, has signed a comprehensive bancassurance-corporate agency agreement with YES Bank. YES Bank with its network of 1,040 branches across all 29 States and seven Union Territories will enable Reliance General Insurance to reach a large base of retail and MSME clients.

This is the first partnership signed by YES Bank since the open-architecture norms under the corporate agency regulations were introduced by the IRDAI in April 2016.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
1. Headquarter of Yes Bank- Mumbai, Founded- 2004, Founder and CEO- Rana Kapoor
2. CFO of Reliance General Insurance- Hemant K Jain, Executive Director & CEO- Rakesh Jain
Source- The Hindu Business Line