The collaboration between Magma HDI General Insurance and Suryoday Small Finance Bank aims to enhance access to health insurance, particularly in rural areas where Suryoday Bank holds a significant presence.
Hyderabad : Magma HDI General Insurance Company, a prominent player in India’s general insurance sector and Suryoday Small Finance Bank, one of the fastest-growing small finance banks in India, have entered into a Corporate Agency Agreement to offer health insurance to Suryoday Bank’s Commercial Vehicle Loan customers. This strategic collaboration aims to bridge the health insurance accessibility…
On unsecured business, MD and CEO Baskar Babu Ramachandran said that the bank is following a very cautious approach and it is funding only to stable businesses.
Currently, only about 10-15 percent of customers repay digitally. The organisations are considering monetarily incentivising clients to repay digitally.
Suryadaya Small Finance Bank revised interest rates revised fixed deposits from Monday. The interest rates have been revised in five years slabs by 85 basis points