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Repco, HDFC Standard sign MoU
CHENNAI: Repco Bank and HDFC Standard Life Insurance Company have signed a memorandum of understanding and announced their tie-up for distribution of life insurance and pension products. M. Balasubramanian, Managing Director, Repco Bank, said "With this association our bank also will be greatly benefited and we are planning to give a lot of new schemes to our customers. Paresh Parasnis, General Manager-Distribution, HDFC Standard Life, said this kind of strategic alliance would help HDFC Standard to expand its reach.
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