Reliance Nippon Life starts negotiation with IndusInd Bank on bancassurance tie up

Reliance Nippon Life Insurance and IndusInd Bank are discussing a partnership. IIHL's acquisition of RCAP is almost complete. This partnership will boost the insurance business. IIHL plans to expand its financial services. The deal is expected to close next month. This will benefit policyholders and customers. IIHL will divest most of RCAP's subsidiaries.