Correct Answer : Option (D) - Karur Vysya Bank
Karur Vysya Bank executed an agreement as an additional bancassurance partner in the life insurance category with SBI Life on Thursday (23rd March 2023).
* Bancassurance is an arrangement between a bank and an insurance firm through which the insurer sell its products to the bank's customers.
* Recently, Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, entered into a bancassurance tie-up with Unity Small Finance Bank (Unity Bank) in order to sell its life insurance products through the lender's 111 branches of the network.
* This month, SBI Life Insurance declared an interim dividend of ₹2.5 per share for its investors for the financial year 2022-23.
* A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.
* The declared interim dividend will be paid on or before April 6, 2023, to eligible shareholders.
* The record date is March 16, 2023. The record date is set to ascertain shareholders' eligibility for payment of the dividend..
Source : Mint
