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BANCASSURANCE FEES
Banks also count cost of insurance payout curbsCentral Bank of India anticipates a 33% decline in bancassurance fees due to proposed regulations. Canara Bank expects a ₹145-crore hit to ...- IRDAI and the avoidable art of regulatory jaywalkingThe recent policy adjustments by IRDAI have led to a marked decline in investor confidence and value within the insurance industry. The tra...
- Insurance misselling misunderstood: The regulator’s proposal is tantamount to addressing the symptom, while ignoring the causeIn FY25, the Indian insurance sector experienced significant premium growth while maintaining flat penetration rates. However, complaints r...
- Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve ...
- IRDAI pushes LIC, SBI Life to seek further cost efficiencyInsurers like Life Insurance Corp and SBI Life need to improve cost efficiencies under new regulatory guidelines. The proposals suggest low...
- HDFC Bank CEO transition nears; Jefferies sees rerating scope, sets target at Rs 880HDFC Bank could be nearing a leadership transition, with Jefferies saying greater clarity on CEO succession and a management reshuffle coul...
- Govt’s frontier AI push; Insurance stock rout continuesThe government is weighing an anchor investment for a frontier AI development fund. This and more in today’s ETtech Top 5.
- Insurance commission revamp to push insurtech firms to the brinkThe regulator has proposed lower commission limits for distributors that sell products from several insurers, with sharp cuts across health...
- IRDAI's commission reset impact; ETSA winner Progcap’s next betHappy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech...
- Dalal Street slumps on oil spike, bond rout & Irda joltThe US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, in...
- Irdai commission curbs spark sharp selloff in insurers, banks and NBFCsShares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals rai...
- 6 stocks with consistent score improvement and upside potential of up to 24% in one year, according to analystsAnother week where the bears were in total control. There is, at this juncture, no point in guessing what will happen to the Nifty and Sens...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%As oil prices move up again, how will things pan out for the Indian market? Will it be a standalone underperformer? Or is it just a phase w...
- Bancassurance useful, curb mis-selling: IRDAI ChiefIndia's insurance regulator, IRDAI, urged banks to address concerns regarding mis-selling of insurance products through their channels. Thi...
- HDFC Life-Max Life merger hits regulatory blockAxis Bank has a minority share in Max Life as part of its bancassurance tie-up with Max Life
- LIC sees gains in fee cap, to grow bancassurance alliesLIC expects to grow its bancassurance partners under the new regulatory regime, which compels insurers to reduce commission to distributors.
- Banks may get to deal in more than one insurance brandBanks may be allowed to sell insurance products of more than one company, a move that will help insurance companies increase their reach an...
- Banks may get to hawk policies of multiple insurersBanks are expecting the commission to multiply manifold once they are allowed to sell products of various service providers.
- Run for cover: Bank mergers to affect insurance alliancesBank mergers are likely to impact the country’s insurance sector as many insurers have select banks as their bancassurance partners.
- 'Opportunistic’ banks curb bancassurance growth'Lack of norms governing cross-shareholding between banks and insurers, high commissions can destroy this distribution channel, warns Swiss ...
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