Private life insurer Metlife India Insurance on 14 December 2010 signed a MoU with United bank of India (UBI) with an objective to extend credit insurance coverage of the UBI’s MSME customers. The MoU was signed between Metlife India managing director Rajesh Relan and CMB of UBI Bhaskar Sen. UBI’s lending to the MSME sector currently stands at Rs 7000 crore. MetLife with a capital base of Rs 1967 crore enjoys a market share of 2.6 per cent among private players.
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