 "Axis Bank")
Private sector lender Axis Bank has entered into an exclusive agreement with Max Financial Services and Max Life Insurance to explore a long-term strategic partnership with the life insurance arm.
The deal will involve Axis Bank acquiring a significant stake in the life insurer but the quantum has not been finalised yet.
The boards of Max Financial Services and Max Life Insurance Company on Thursday gave a go-ahead to both the companies to explore options with Axis Bank.
According to Insurance Regulatory and Development Authority (Irdai) norms, any entity holding more than 10 per cent stake in a life insurance company will be
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