New Delhi, January 05, 2025: PNB MetLife India Insurance Company Limited (PNB MetLife), a leading life insurer, has announced a strategic partnership with Shivalik Small Finance Bank- India’s first Small Finance Bank; to expand insurance access in semi-urban and rural India. Through this alliance, over one million existing and prospective customers of Shivalik Bank will gain access to PNB MetLife’s comprehensive range of life insurance solutions, including savings, protection, and retirement plans.

Shivalik Small Finance Bank has a strong network of 79 branches and 136 exclusive Business Correspondent (BC) outlets in 11 states, and the partnership builds on PNB MetLife’s efforts to reach underserved markets in India.

Sameer Bansal, Managing Director & CEO of PNB MetLife, said, “We are delighted to partner with Shivalik Small Finance Bank to bring life insurance protection to more families across rural and underserved areas in India. Where availability, access and affordability have previously limited financial protection for families, PNB MetLife and Shivalik Small Finance Bank are working together to support more people in securing a confident future.”

Anshul Swami, MD & CEO of Shivalik Small Finance Bank, said, “At Shivalik Small Finance Bank, we have always focused on empowering customers in the emerging and underserved markets. Partnering with PNB MetLife will allow us to extend that commitment by offering comprehensive life insurance products alongside our banking services. Holistic financial services will create more financial security for customers in the longer run.”

About Shivalik Small Finance bank:

Shivalik Small Finance Bank is the first Urban Cooperative Bank in India to transition into a Small Finance Bank, with over 25 years of experience in retail banking. Since its SFB launch in 2021, the bank has focused on scalable, tech-enabled growth. It operates on a cloud-native architecture, powered by the Infosys Finacle Core and Digital Banking Suite, serving 10+ lakh customers across 79 branches and 136 BC outlets in 11 states. With a business size crossing ₹6,900cr, annual revenue of ₹565cr, and employee base of over 800, Shivalik continues to scale sustainably by leveraging its digital-first approach and strong retail presence in semi-urban and emerging markets.

Visit: https://shivalik.bank.in