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Tripathi told PTI in an interview with his estimates that at present the bank has a stake

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of about 13 percent and we are hopeful that in the next 

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the next 2-3 months they will be able to take it very much to 20 percent .

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As part of the deal, Axis entities have the right to acquire an additional stake of up to seven

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per cent in Max Life, subject to regulatory approval,

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in one or more tranches of Batarsar Gasar, it said.

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He further added from his estimate that Bancassurance with Axis Bank 

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has seen a growth of around 18-20 per cent in the last five years and as per the new update,

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60 per cent of the new sales are at present from the tie-up of Axis Bank.

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Is. Apart from Axis Bank, the life insurer has a few other

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co-operative banks with Yes Bank that enter into a bancassurance partnership.