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Canara Bank may hold govt norms on insurance sale

The government had directed state-run banks to adopt the insurance broking model

January 14, 2014 2:17 IST | India Infoline News Service
Bangalore-based Canara Bank is said to be defy finance ministry's rule to sell products of multiple insurers, according to a media report.
The state-run bank has already circulated a note in this regard to its board of directors, the reports added.
The government had directed state-run banks to adopt the insurance broking model, which would allow them to sell products of multiple insurers in December.

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