Multiple choice

HSBC, OBC and _______ combined to make their entry in the insurance sector.

  1. Canara Bank

  2. Allahabad bank

  3. Centurion bank

  4. Centurion Punjab Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Canara Bank joined HSBC and Oriental Bank of Commerce (OBC) to form a joint venture insurance company called Canara HSBC Oriental Bank of Commerce Life Insurance Company. This alliance was formed to enter the Indian insurance sector when banking regulations allowed diversification. Allahabad Bank and Centurion Bank were not part of this specific partnership.

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