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CUB signs MoU with National Insurance

CHENNAI: City Union Bank has entered into a strategic alliance with National Insurance Company for bancassurance. A memorandum of understanding was singed by V. Narayanan, Chairman, City Union Bank, and N. Jagannathan, Regional Manager, Natural Insurance Company, at its central office in Kumbakonam, Tamil Nadu. The present alliance is for non-insurance business. Both CUB and National Insurance would work in this collaborative venture, says a release.

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