Business Standard

PNB ties-up with Oriental Insurance

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BS Reporter Mumbai

Public sector lender Punjab National Bank (PNB) has entered into an agreement with Oriental Insurance Company to market insurance products, a practice also known as bancassurance.

The alliance will serve as a source of fee-based income for the bank. With interest rates falling globally, banks are showing a preference for fee-based sources of income over interest-based sources of income.

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First Published: Feb 11 2009 | 3:33 PM IST

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