From correspondents in Karnataka, India, 07:33 PM IST
Bajaj Allianz Life Insurance, India’s leading private life insurance company offers the strongest distribution network across the country through it own 1000+ branches spread over 950+ towns and its strong bancassurance partnerships which help its reach out to every corner of the nation. Speaking on this occasion the Mr. Yogesh Gupta, Head Business Procurement said “This tie-up will greatly improve our distribution strength in all Uttar Pradesh and help provide life insurance solutions across rural and semi-rural customer base of Sarva U.P. Gramin Bank”
Also speaking on this occasion, Shri.A.K.Loomba, Chairman of the Sarva U.P Gramin Bank “we are very proud to tie-up with Bajaj Allianz Life Insurance and we will now be able to offer insurance benefits and products to our customers”
About Sarva U.P. Gramin BankSarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 RRBs Viz ( Uttar Pradesh Gramin Bank Meerut, Kissan Gramin Bank Budaun, Rani Laxmi Baye Gramin bank Jhansi and Devi Pattan Gramin bank Gonda) working in the area spread in whole Uttar Pradesh "East to West".
The Bank has its Head Office in Meerut. Sh.A.K. Loomba is the First Chairman of the Bank. The Bank's operational area spreads in Fourteen Districts viz. Meerut, Bulandshahr, Ghaziabad, Gautam Budh Nagar, Bijnor, Gonda, Balrampur, Budaun, Haridwar, Bagpat, Sharanpur, Jhansi, Lalitpur and Muzaffaranagar. The Bank has 268 Branches and 10 Extension Counters & Customer Base of 16.87 lacs.
At present total Deposit & Advances of the Bank are to the tune of Rs 1820 Cr(with 14.23 lac accounts) & Rs 964 Cr (with 2.64 lac accounts) respectively. Per Branch average business is Rs. 10.39 Cr and Per Employee business is Rs
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