Mumbai, Sept 8 (PTI) AU Small Finance Bank has entered into sales and distribution agreements with Bajaj Allianz Life Insurance as well as Star Health & Allied Insurance.

AU Bank, which is the largest small finance bank in the country, serves over 41.3 lakh customers and has a distribution footprint of 1,040 touch points across 24 states. This collaborations will empower AU Bank customers gain access to Bajaj Allianz Life products as well Star Health's health insurance products, the companies said in a statement Friday.

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Through these partnerships, the bank aims to leverage technology-based solutions for its customers through wide variety of life insurance and health insurance products offered by these two insurers, the bank said.

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SBI launches transit card

Mumbai: The nation's largest lender State Bank has launched a transit card on the Rupay network.

The prepaid card facilitates seamless customer commuting experience and ensures easy digital ticketing fare payments in the metro lines, buses, water ferries, parking etc.

SBI had entered nation first transit card segment in 2019 and has since then launched the City1 card, Nagpur metro card, Mumbai1 card, Gosmart card and Singara cards for the metros in Chennai, Noida, Nagpur, MMRDA metrolines 2A&7, and Kanpur.

The bank is also implementing such ticketing solutions in MMRC metro line 3, and the Agra metro.

* * * * * * Association of Investment Bankers elects Mahavir Lunawat as chairman Mumbai: The Association of Investment Bankers of India has appointed Mahavir Lunawat, the managing director of Pantomath Capital Advisors, as its chairman for two years. The AIBI chairp represents investment bankers on the primary market advisory committee of the Sebi. The association also appointed Arjun Mehra, the managing director of JM Financial, and Prem D'Cunha, a senior vice-president at ICICI Securities as its vice-chairmen.

* * * * * * 360 One goes global, appoints Vikram Malhotra

Mumbai: 360 ONE, earlier known as IIFL Wealth & Asset Management, has announced the launch of its global platform, 360 One Global, and appointed industry veteran Vikram Malhotra as its cofounder & chief executive.

Malhotra has over three decades of experience with Barclays, UBS, and ABN Amro, across geographies like Singapore, Hong Kong, Dubai and London.

The other leadership team of 360 One Global include Arunabh Banerjee and Pankaj Nagrath.

Karan Bhagat, the founder and MD of 360 One said by creating a comprehensive advisory capability for global wealth and investments, we're reshaping the offshore landscape for wealth managers and the new arm will tap wealthy NRIs in the Middle Eastern and Asian markets primarily, as well as family offices.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)