New Delhi, 20 November 2018: The Indian auto components market is undergoing a rapid transformation and the domestic market players are responding meaningfully through strategic initiatives. Long term partnership and tie ups with overseas institutions are one of the ways in which this is being done.

Steelbird International, the leading brand in automotive components manufacturing industry has joined hands with Fujikura Rubber Ltd., the Japan-based manufacturer (Founded in 1920) of rubber components. Combining Steelbird’s proven six decades of strength and Fujikura’s technical forte and R& D capabilities, the tie up is committed to offering best in class solutions to OEMs and aftermarket.

In this collaboration, Steelbird brings its 60 plus years of experience and expertise in the Indian automotive components manufacturing industry, and a pan India presence through a large distribution network. The legacy of achieving excellence in each of its product segments has made Steelbird a trusted brand not only in the domestic market but in many overseas markets, too. Catering to both OEMs and aftermarket demands, Steelbird’s clientele base comprises of many leading players in the automobile industry.

Fujikura Rubbers is an institution with 98 year long rich history and manufactures of rubber components and industrial materials in Japan. Technological development and innovation is the core philosophy of Fujikura Rubbers, renowned for its advanced R&D capabilities. Having a firm presence in the Japanese auto components manufacturing industry, Fujikura has onboard various automotive giants. The group has 2,345 employees and 16 group companies.

The strategic tie-up is going to be a win-win for partners and clients. Where Fujikura Rubber Ltd., is striving into the OEM market with its wide-ranging rubber components and rubber dia-frames, the extensive network and reach of Steelbird International will enable Fujikura to enter into new geographies. Also, the collaboration would not only lead to their cumulative growth but also allow them to serve customers closely.

On this strategic partnership, Mr. Manav Kapur, Executive Director at Steelbird International, commented, “As Fujikura is competent with R&D facilities, marketing & sales are our core strengths which mean that we are the best fit to each other. From expanding the customer base to fulfilling the OEM market’s requirements, we will focus on utilizing each other’s expertise and experience to cater to the market with high value-added products.”

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New Delhi, October 30, 2018: Togofogo, India’s most trusted online marketplace for buying and selling of pre-owned and refurbished smartphones, today announced an exclusive partnership with Lenovo. Togofogo will now be selling Lenovo’s refurbished laptops with one-year brand warranty on its website.

Lenovo’s laptops are refurbished at Aforeserve’s refurbishment centre. Aforeserve is one of India’s oldest & largest chains with more than 4500 engineers that have been providing quality repair and refurbishment services for defective ICT devices, including those with expired warranties, since past 2 decades. Aforeserve provides Lenovo a comprehensive solution starting from refurbishment to sales and after sales service at a single place.

Having successfully sold 5,00,000 units of refurbished mobile phones in the Indian market, Togofogo now targets the second largest category in refurbished market, after mobiles. The laptops being sold on Togofogo include Quality Check, Certification, Extended Warranty, and Repair Services, maintaining the uniqueness of the platform.

Commenting on the partnership, Mr. Soumitra Gupta, CEO, Togofogo, says, “E-Commerce industry in India is witnessing a promising customer-demand not just for refurbished smartphones but across categories with a major chunk contributed by Laptops. We are glad to partner with Lenovo, one of the most reputed brands in the laptop segment offering feature-rich laptops that are backed by the latest technology. The laptop market is overwhelming, but the balance of performance and portability that Lenovo’s laptops offer makes them an easy-buy for customers”

There is a repeat customer percentage of 20% on Togofogo’s website which envisages the trust built by customers on the brand. The company recently announced an ‘On-Site’ repair service exclusively for Apple, Xiaomi and Samsung smartphones. With such unique value-added-services, it is making a mark in the industry.

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• First bank in the country to tie-up with an Australian bank to allow Indian students to pay fee online
• Full value of remittance is credited to the beneficiary university without any deduction of charges

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced its partnership with ‘Westpac Banking Corporation’ (Westpac), one of the top banks in Australia, to offer Indian students a completely online payment solution through its ‘Money2World’ (M2W) platform for outward remittances. With this, Indian residents, who are customers of any bank in India, can initiate an online remittance to make fee payments to an Australian university at a fixed exchange rate from the comfort of their homes, any time.

As a first, ICICI Bank and Westpac have partnered with La Trobe University, one of the well-known universities in Australia, for this initiative. ICICI Bank aims to tie up with other universities and colleges in Australia as well.

The transactions carried out by students using the Money2World platform is integrated with Westpac’s ‘PaymentsPlus’, a banking and reconciliation solution for universities and colleges. This facility significantly enhances convenience for students as it simplifies a lengthy paper-intensive process to a completely paperless and online facility that eliminates multiple visits to a bank branch. It also shortens the fee transfer process to a few days without levying any additional charges. Further, it also empowers the student and the university with a unique reference number which will help them track the payment and its reconciliation.

Speaking on the initiative, Mr. Vijay Chandok, Executive Director, ICICI Bank said, “ICICI Bank is a leading player in the Indian remittance market and we were the first Indian bank to offer a completely online outward remittance solution via our Money2World platform. Overseas education remittance is nearly a third of the country’s overall outward remittance and Australia is one of the largest recipients. It has been our constant endeavour to simplify student payment solutions by leveraging on technology and global partnerships. We are delighted to partner with Westpac Banking Corporation and La Trobe University to completely digitise fee payments for students and provide them with end-to-end tracking of the transactions.”

Commenting on the tie-up, Di Challenor, General Manager, Global Transaction Services, Westpac said, “Universities and colleges have always been very important for Westpac and Australian economy. With this solution, we will be able to provide the university with unimpaired information reconciliation which will save resources, time and money.”

Mr. Mark Smith, CFO, La Trobe university said, “Reconciliation of student payments has always been a challenging task, putting a strain on our resources. With this solution we are able to track student fees and confirm admission to them almost instantly.”

Students can follow the below steps to make fee payments using the M2W platform:

• Login and register: Students can log onto the university website, which then gets re-directed to the ICICI Bank M2W page. Post a one-time registration (required only for non-ICICI Bank savings account holders), they can directly login through the M2W page, thereafter.
• Make payments: The university’s bank account details gets pre-populated on the M2W payment screen, enabling the students to conveniently transfer funds from any bank in India. A Unique Reference Number (URN) gets generated which can be used by the student, university and the bank for further tracking the status of the transfer.

Thereafter, ICICI Bank sends the payment to Westpac along with the student’s information and URN for quick reconciliation. Westpac in-turn disburses the amount and accompanying information to the university.

‘Money2World’, is a first-of-its-kind fully online outward remittance service for resident Indians by any bank in India. It is available to users 24×7 on all days. With this, non-account holders of ICICI Bank can also transfer money online from any bank account in India to any bank account overseas in 16 major currencies, in a convenient and fully secure manner.

ICICI Bank services its large customer base through a multi-channel delivery network of 4,867 branches, 14,367 ATMs, phone banking, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘PocketsbyICICIBank’ the country’s first digital bank on mobile (as at March 31, 2018).

About ICICI Bank: ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at US$ 172.5 billion at March 31, 2018. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.

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New Delhi, May 1st, 2018: India’s first and most trusted online marketplace for buying and selling re-commerce products in Mobile Category, Togofogo.com today announced its strategic tie –up with Aforeserve to further strengthen its foothold in the Refurb phone segment. Aforserve which is widely known as one stop service solution offering quality repair and Facility Management Services for the entire range of ICT products‎ and with this association, the brand aims at integrating hassle free quality repair services to its end users as another value proposition.

Aforeserve is one of the India’s oldest & largest chains with more than 3500 employees that have been providing quality repair and refurbishment services for defective ICT devices, including those with expired warranties, since past 2 decades. With Aforeserve’s pan India support network of service centres in 45 major cities, Togofogo.com will now be able to provide its customers with the convenience of getting their phones repaired at their doorstep, without making an effort to visit a nearest service centre.

With this tie up, Togofogo.com aims to address the pain point of end users of finding the authorized service centre in their vicinity and ensuring the quality repair of their phones. Already having its niche in buying and selling of pre-owned, box open and refurbished phone, Togofogo.com, now plans to strengthen the entire eco-system by providing repair as a as a Value-Added-Service to all its customers. Moreover, keeping in mind the need and importance of a phone in today’s time, the customers will also be provided a standby phone while their own phone is being repaired.

Commenting on the development, Mr. Soumitra Gupta, CEO, Togofogo.com said, “We are working to transform the offline grey market of refurbished devices into an organized market. We aim to make Togofogo.com a one-stop shop for extending best quality and certification on refurbished and pre-owned phones to its customers at genuine prices. Our association with Aforeserve propels our mission.”

According to a recent report, the global market for refurbished smartphones grew 13% year-on-year in 2017, reaching close to 140 million units. The increased in the market of the refurbished phone is a result of the slowdown in innovation has made two-year-old flagship smartphones comparable in design and features with the most recent mid-range phones.  Hence, the mid low-end market for new smartphones is being cannibalized by refurbished high-end phones.

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~over a period of just one month, it has disbursed loans worth Rs 1 crore~

New Delhi, April 12, 2018: Cash Suvidha, a trade name of Usha Financial Services has today announced its partnership with rural digitisation and commerce optimisation platform, StoreKing. This technology -enabled distribution platform is connecting small towns and villages across the country to a range of products and services, all via an app. Through this partnership, Cash Suvidha has successfully disbursed loans worth Rs 1 crore in just one month.

Going forward, the company plans to extend loans worth Rs 30-40Crore to over 2500 retailers per year. With its strong network of 47,000 stores across 10 states, StoreKing has been enabling retailers to sell more products and services to the walk-in customers and now, with this strategic tie up, the two companies aim to bring access to financial services in the nooks and corners of the country.

Founded in 2016 by Mr. Rajesh Gupta, Mr. Anoop Garg and Ms. Geeta Goswami, Cash Suvidha has a strong presence in North India, empowering more than 32,000 SMEs, providing a variety of loans to SMEs and Individuals, particularly in Delhi NCR, Bangalore, Pune, Hyderabad, Mumbai, and Rajasthan. Through its tie-up with StoreKing, Cash Suvidha is being able to tap into new markets and geographies such as the rural parts of Gujarat, Karnataka and Tamil Nadu.

Commenting on the development, Mr. Utkarsh Gupta, Head of the Alliance from Cash Suvidha, said, “We are glad to partner with StoreKing, the voice of Rural India, to extend our customised lending services to retailers in the rural parts of the country. We are banking upon StoreKing’s transactional data with respect to over 50,000 retailers. We have achieved full data integration with StoreKing, allowing us to use our proprietary Artificial Intelligence (AI) driven systems to determine the best leads for credit, and match them with the perfect kind of product”

“We chose to partner with Cash Suvidha because of its convenient & effective financing options. This is critical in building retailer loyalty to our company, giving them the confidence to increase their overall GMV, positively impacting revenues both for them and us. Through this partnership, Cash Suvidha has provided collateral free loans to our retailers who are mostly underserved by traditional financial institutions. Adding to the value of their services, Cash Suvidha provides loans within 48 hours which is perfect for retailers in the rural market, owing to their simple working capital requirements” said Sridhar Gundaiah, CEO, StoreKing.

“We enable and determine the lead generation  for credit , match them with the right product ,  also facilitating the disbursal of the loan to the StoreKing Retailer Balance and  enabling the timely collections through us .we ensure retailers  have a  customized finance option which helps them build cash flows with scalability. Not just that, they also get a chance to build a credit history in-order to become eligible for lending from traditional financers”, he further added.

Cash Suvidha receives around 15,000 plus loan applications per month and disburses loans within two working days. Since its inception the company has raised a total debt of $5.2 million and has successfully disbursed a total amount of 154 Cr. With a successful business model and management, the company has been profitable since the beginning of its operations. With its vision to provide easy access to credit and working capital to SMEs, 80% of its loans are targeted towards SME sector in India.

About Cash Suvidha:

Cash Suvidha is a StartupFintech company, which extends business loans to SMEs, MSMEs, and women entrepreneurs for income generation purpose & personal loans to individuals. Apart from stirring the journeys of budding and longstanding entrepreneurs, Cash Suvidha, also deals with women empowerment on a micro level.

Cash Suvidha aims to fill market gap that’s not allowing visionaries in uplifting their dreams towards real touch of business world – establishment or enlargement of a profit-making agency.

Cash Suvidha has efficiently served customers right from the era of cash to emerging cashless economy. Digital banking is an integral part of their operations. Through Cash Suvidha, digital-savvy entrepreneurs can avail financial services seamlessly as they navigate through their progressively digitized lives.

In terms of growth story, Cash Suvidha began its operations in June 2016 after which they have been playing a significant role in empowering people to fulfil their ambitions. Within a short span of one year of its operations, company has tied up with over 14-15 players to expand business across India and has targeted a 5x increase in processing loan applications. In terms of future plans, Cash Suvidha is targeting more tie-ups for business expansion.

Since its inception, Cash Suvidha has disbursed to 35,000+ borrowers and the average ticket size of loan is Rs 20,000- Rs. 5,00,000.

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• Center for Creative Leadership in India (CCL) and Jombay announce strategic partnership on eve of India’s biggest HR Leadership Summit, Leading From Behind

Mumbai, date: Center for Creative Leadership (CCL), a global provider of leadership development and research, and Jombay, a modern day talent transformation platform, announced a strategic partnership. As the first initiative, the two like-minded organizations are coming together by making the leadership learnings from CCL available on Jombay’s iDev platform which will enable action learning in an ongoing basis. The focus of the partnership is to provide CCL and Jombay client partners access to leadership development solutions in new-age ways and touch many more lives of people when it comes to leadership.

Client partners stand to benefit from this partnership as it brings years of CCL’s research and leadership development solutions together with Jombay’s expertise in modern day, bite-size, action learning. In the times to come, the joint programs would blend face-to-face and virtual learning that will be supported by assessments, coaching, simulations, and on-job learning.

Several leadership journeys including Achieving Better Results Through Leadership based on D-A-C Framework (Direction, Alignment and Commitment), Becoming a Leader-Coach, Adaptability – Responding Effectively to Change, Talent Conversations, Active listening and Feedback that Works, to name a few, will be offered on iDev as part of this partnership.

Given the initial feedback received from client partners, the iDev platform will also support Custom Leadership programs being offered by CCL. The simple process for the participants will include downloading the iDev powered CCL App and there by start a personalized development journey.

Muniinder Anand, Managing Director – India & South Asia at Center for Creative Leadership

said, “The importance of strong leadership for any organization cannot be overstated. CCL is at the forefront of leadership transformation for individuals, teams, organizations and our society as a whole. We are committed to democratize the deep research and methodology of CCL’s leadership solutions to a wider population. We are looking forward to this partnership with Jombay to provide value to our client partners and further enable them in their leadership growth path.”

Mohit Gundecha, Co-Founder & CEO – Jombay, said, “Action learning or on-job learning (which is the 70% component of the 70-20-10 model) in most organizations fizzles out post the development interventions – ACDC or Workshops. We are excited to work with CCL to power action learning in Jombay’s new-age, bite-size, digital formats with ROI measurability baked into all our solutions.”

It may be recalled that Jombay is set to roll out a major HR leadership initiative, the Leading from Behind Summit, which will celebrate 40 of the best young leaders selected by a jury of HR titans from a strong talent pool list of over 650 professionals across the country. The winners will receive the prestigious HR 40Under40 awards, which will flag them off on an innovation journey to help empower the HR ecosystem in India.

The day-long summit, to be held on the 17^th of January in Mumbai, will also see the release of the findings of the extensive People Capital Index, along with insightful fireside chats with a mix of stellar achievers, for the benefit of the entire professional HR fraternity.

About CCL:

The Center for Creative Leadership (CCL®) is a top-ranked, global provider of leadership development. By leveraging the power of leadership to drive results that matter most to clients, CCL transforms individual leaders, teams, organizations and society. Our array of cutting-edge solutions is steeped in extensive research and experience gained from working with hundreds of thousands of leaders at all levels. Ranked among the world’s Top 5 providers of executive education by Financial Times and in the Top 10 by Bloomberg BusinessWeek, CCL has offices in Greensboro, NC; Colorado Springs, CO; San Diego, CA; Brussels, Belgium; Moscow, Russia; Addis Ababa, Ethiopia; Johannesburg, South Africa; Singapore; New Delhi-NCR, India; and Shanghai, China.

About Jombay:

Jombay is a modern-day Talent Transformation platform. We use behavioral sciences and technology to help companies make their talent promotions and talent development processes scientific. Its tech-enabled tools like Assessment & Development Centers, Habit formation and bite-size learning Apps, have democratized the access to learning & development initiatives to the last mile in the organization vs. just the elite few. Jombay is headquartered in India with presence in UAE, Singapore and UK.

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New Delhi, December 26, 2017: DETEL Mobiles & Accessories, the World’s most economical Feature Phone brand, has announced its partnership with Bharat Sanchar Nigam Limited (BSNL), extending their vision of ‘Connecting the unconnected’ by honorable Minister of Communication, Mr. Manoj Sinha.

BSNL is India’s oldest communication service provider and the fifth-largest internet service provider in India by total subscribers. Through this partnership, BSNL has signed an agreement with S.G Corporate Mobility Pvt. Ltd. (the parent company of Detel) for selling its mobile service to the consumers bundled with the most economical Feature Phone, the Detel D1. The offer started from 23rd December 2017 and is available across India.

Detel and BSNL, which has its footprints across India, share the common ideology of ‘Connecting India’. Through this tie-up, Detel feature phone buyers would get a BSNL sim connection & the validity of the first recharge would be 365 days.

Commenting on the partnership, Mr. Yogesh Bhatia, MD, S. G. Corporate Mobility (parent company of Detel), said, “India is one of the only places in the world where feature phones still outsell smartphones. Such phones are preferred by a large population either due to its price or its inherent simplicity. This initiative further propels our ideology to bring communication services in the most cost-effective manner”

So far, BSNL has more than 100 million mobile customers, 10 million broadband customers, and 16 million landline customers. The company is also providing various enterprise services like lease line, VSAT and various managed services.

Commenting on the same, Spokesperson from BSNL Board said, “We are committed to providing affordable and efficient services to our customers. We aim to strengthen our reach in all the nooks and corners of the country. With this partnership, we aim to tap the untapped section who still feels that owning a phone is a luxury”

The users will get the following benefits with this bundled offer.

DETEL D1 Mobile + BSNL Connection = Rs. 499/-, Plan Validity will be 365 Days and Customer will get Rs. 103 Talk time with call rates of BSNL-BSNL @.15 p/m and BSNL- OTHERS @.40 p/m with Personal Ring Back Tone for 28 Days. Mobile Features are- 1.44″ Monochrome Display, 650 mAh, Single SIM, Torch Light, Phonebook, FM Radio, Speaker, and Vibration Mode.

About DETEL Mobiles & Accessories:

S.G. Corporate Mobility is the parent company of Detel, established in 1991, with a CRISIL rating of SME 2, having key relationships with well-established brands in the space of mobiles, laptops, tablets, etc. DETEL emphasizes the fact that owning a phone is no longer a luxury but a necessity now. Such phones are preferred by a large population either due to price or its inherent simplicity. During the Indian Mobile Congress 2017, India’s first ever Mobile, Internet & Technology event, DETEL launched the world’s most economical feature phone in the Indian market Detel D1 was launched with the tagline- ‘Lo Kar Lo Baat’, a colloquial reference to the fact that with this phone, all those who could not afford a phone but dreamt that one day they too would buy a phone can now own and speak on one for the first time.

DETEL ensures the best quality starting from their extensive Research and Development of the products to the Manufacturing of Products, Testing, and Supply. Their products are making a mark in India in terms of Quality and Pricing.

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New Delhi, 8^th November, 2017: Cash Suvidha, one of the fastest growing Fintech Companies has announced its partnership with LoanMeet which is run by Strivers Solutions Pvt. Ltd. to enable retailers to avail inventory from distributors at credit in Bangalore & Mysore.

LOANMEET is a Bangalore based lending platform, and it sees tremendous opportunities in the offline inventory financing business. It is leveraging technology to fundamentally transform inventory financing for retailers. Cash Suvidha and LoanMeet will together work to provide inventory financing from distributors to retailers in Bangalore & Mysore, with a credit line for 30 days and 1-6 months working capital loans up to Rs. 5 lac and will soon start serving Pune, Mumbai & Delhi as well.

Commenting on the same, Mr. Rajesh Gupta, founder, Cash Suvidha, said “Considering that India is now the second largest smartphone market in the world with the top five vendors now accounting for 75 per cent of total shipments, there is a growing need to efficiently maintain inventories to cater to the demand of the consumer base. Lack of funds could be the biggest pain points for the distributors and we aim to fix this by providing smooth inventory financing.”

The initiative is a part of Cash Suvidha’s commitment to provide easy access to finance. Apart from stirring the journeys of budding and longstanding entrepreneurs, Cash Suvidha, also deals with women empowerment on a micro level.

The innovative use of technology further simplifies the lending process, enhances the speed, provides price transparency, improves customer experience and reduces borrowing cost.

About Cash Suvidha:

Cash Suvidha is one of the fastest growing FinTech companies that extend financial support to start-ups, SMEs, MSMEs, Individuals and women entrepreneurs.

The company is known for innovation and digital processing, easy lending services and processing the loan within 48 hours of receiving all the documents. Digital banking is an integral part of their operations. Through Cash Suvidha digitally-savvy customers can avail financial services seamlessly as they navigate through their progressively digitized lives.

In terms of the growth story, Cash Suvidha began its operations in June 2016 after which they have been playing a significant role in empowering people to fulfill their career dreams. Within a short span of one year of its operations, the company has tied up with over 8- 10 players to expand business PAN India and has a target to increase processing of loan applications. In terms of the future plans, Cash Suvidha is targeting towards more tie-ups and business expansion.

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• Tie up for academic cooperation
• Credit transfer programs in engineering and life sciences, participation in TAU’s summer programs, post-doctoral fellowships, semester exchange opportunities 
• Work together in research, enable joint proposals to funding bodies and institutions

November 3, 2017– Thapar University, (TU) signs a comprehensive institutional agreement with Tel Aviv University Israel (TAU). The MOU includes research, teaching and student exchange.

Tel Aviv University is consistently ranked in the top 20 in the world in terms of scientific citations and among the top 100 universities internationally. Thapar University is globally ranked in the World’s best university ranking, The Times Higher Education (THE) World University Ranking.

Both Universities agree to establish a programme for academic cooperation. From the perspective of students, this agreement brings the benefits of credit transfer programs in engineering and life sciences, participation in TAU’s summer programs, post-doctoral fellowships and semester exchange opportunities.

The universities will also work together in research. Joint proposals to funding bodies and institutions are also envisaged. With over a hundred research centres, TAU “is defined by ground-breaking research, leading researchers and faculty, a strong interdisciplinary focus, and the values of globalism, pluralism and social responsibility.”

On signing the agreement Professor Joseph Klafter, President TAU commented “like Thapar, we’re strong in engineering and management, and also have a wide spectrum of departments across the sciences, humanities and arts.” Mr. Gautam Thapar, President Thapar University, emphasized that “strategic international partnerships enhance the quality and reach of Thapar University. Such synergistic partnerships enable students, the leaders of tomorrow, to learn to face world challenges.  I am pleased that TAU and Thapar University have come together.”

About Thapar University:

Thapar University, founded in 1956, is housed in a 250-acre campus in Patiala, Punjab. It is globally ranked at World’s most influential university ranking, Times Higher Education (THE) World University Ranking 2018, ranks India’s Thapar University in the 801-1000 bracket in 1102 institutions globally from 88 countries, 18 among 42 institutions in India. It is in the 19^th position among 35 Indian institutions by The QS Asia University Rankings 2018. It is ranked 26^th by National Institute Raking Framework (NIRF-2017). Thapar University has a deep contemporization partnership with Trinity College Dublin.

Thapar University is committed to developing high quality, professionally groomed technical and engineering manpower possessing multifaceted personality with respect for professional and social ethics, national values and the spirit of human emancipation. Thapar University believes in providing opportunities to students to broaden their horizons and develop cross-cultural perspectives enabling them to engage in the adventure of learning and discovery.

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• The bank currently services over 100 million customers through a network of around 7000 branches
• The Bank aims to add impetus to its health insurance services

Chennai, August 3, 2017: Religare Health Insurance announced its Bancassurance tie-up with one of the country’s leading and largest banks – Punjab National Bank.

With the bank’s wide evenly distributed network of around 7000 branches across the country, Religare Health Insurance looks forward to expanding its footprint across the country. The move comes in light of the bank’s vision to become a one stop solution for their customers  empowers them to offer a range of comprehensive  new-age health and travel insurance solutions to choose from.

Speaking at the occasion, Shri. Sunil Mehta, Managing Director, CEO, Punjab National Bank commented, “We see these strategic partnerships as a key to serve our customer base of over 100 million with a range of comprehensive products under one roof our association with Religare Health Insurance further cements the bank’s product proposition. Additionally, we look forward to a higher health insurance penetration by means of quality service deliverable.”

Shri. Sanjiv Sharan, Executive Director, said, “We are committed to bringing best-in-class products and services for our customers. This engagement will help us serve our customers with a meaningful financial solution for securing their current and future healthcare requirements.”

Anuj Gulati, Managing Director  Chief Executive Officer, Religare Health Insurance commented, “Punjab National Bank is among the largest and most respected banks in India, with a 123-year old tradition of bringing true value for money and convenient banking solutions to its customers. With this partnership we endeavour to offer long-term healthcare and wellness solutions to the bank’s customers.”

About Religare Health Insurance

Religare Health Insurance (RHI), the health insurance arm of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers and for financial inclusion as well. With RHI’s operating philosophy being based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation and value-for-money services.

Religare Health Insurance currently offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.

The organization has been adjudged the ‘Best Health Insurance Company’ at the ABP News-BFSI Awards and also received the ‘Editor’s Choice Award for Best Product Innovation’ at Finnoviti: it was also conferred the ‘Rising Star Insurer Award’ at The Indian Insurance Awards.

For details: http://www.religarehealthinsurance.com/

About Punjab National Bank

India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorised capital of Rs 2 lac and working capital of Rs 20,000. The far-sighted visionaries  patriots like Lala Lajpat Rai, Mr. E C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal  Sardar Dyal Singh Majithia displayed courage in giving expression to the spirit of nationalism by establishing the first bank purely managed by the Indians with Indian Capital. During the long history of over 122 years of the Bank, 7 banks have merged with PNB and it has become stronger and stronger with a network of 6937 Domestic branches and 10681 ATMs as on 31st March 2017.

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