SBI Life To Tap Rural Banks

Kolkata: SBI Life Insurance plans to utilise more of the banking network other than State Bank of India''s own as part of its strategy to double the size of business. A beginning had already been made with five co-operative banks in various States and there was also a proposal to involve the regional rural banks (RRBs) in this regard. In 2006-07, the co-operative banks gave a paltry business of Rs 20 crore or so, which is likely to go up to Rs 100 crore in the current fiscal.