Tamilnad Mercantile Bank Ltd to distribute Kotak Mahindra's General Insurance products

Tamilnad Mercantile Bank Limited has entered into corporate agency agreement with M/s. Kotak Mahindra General Insurance Company Limited on December 14, 2022.

The arrangement is for the purpose of marketing, distribution & selling general insurance products.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 517.90 as compared to the previous close of Rs. 520.90. The total number of shares traded during the day was 3864 in over 437 trades.

The stock hit an intraday high of Rs. 528.75 and intraday low of 512.00. The net turnover during the day was Rs. 2023096.00.

Source : Equity Bulls

Keywords

TamilnadMercantileBank INE668A01016 TMB PrivateBank CorporateAgencyAgreement KotakMahindra GeneralInsurance