Financial Daily from THE HINDU group of publications
Saturday, Jul 31, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 31, 2004 |
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Money & Banking
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Private Banks Birla SunLife to manage CSB's retirement fund Our Bureau
Kochi , July 30 THE Thrissur-based Catholic Syrian Bank has decided to subscribe to Birla Sun Life Insurance Company's (BSLI) group superannuation plan. With a commitment to provide its 3,000 employees with a comfortable retirement kitty, the bank has chosen BSLI as the ideal partner to park the corpus of Rs 10 crore. Commenting on the development, Mr N.R. Achan, Chairman and CEO of the bank, said: "It is but natural that we cement our relationship further by entrusting BSLI with our employee benefit superannuation fund. We are positive that BSLI will create value for us. Their transparent ways of functioning and prudent management practices are well known to us." The superannuation fund is expected to provide market-linked returns.
More Stories on : Private Banks | Pension Plans
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