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INSURANCE BROKING MODEL
The next big money game is here. Everyone wants a seat at the tableIndia's wealth management scene is experiencing a remarkable transformation. With the rapid rise of affluent households, there’s a surge in...- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analystsWe are in a phase in the US-Israel-Iran war where statements are made, then retracted. And, in a matter of just 48 hours, they are made all...
- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
- Dhan parent enters insurance broking with GreenLife Insurance acquisitionRaise Financial, parent of stock trading platform Dhan, has acquired GreenLife Insurance for approximately $15 million in a cash and stock ...
- Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
- Lords Mark Insurance Broking, the insurance division of Lord's Mark Industries, receives direct insurance broking license from IRDAIIn a competitive market scenario dominated by online insurance marketplaces, Lords Mark Insurance Broking aims to get the edge by rolling o...
- SBI General frets over multiple insurance broking modelSBI General Insurance has opposed the idea of making it mandatory for banks to sell insurance covers of multiple companies.
- IRDA: Banks' insurance broking model to gain traction in timeThe comment has come at a time when general insurers have seen price wars in commercial lines of businesses in the recent past.
- PSU banks must follow broker model to sell insurance: GovernmentGovt is unlikely to show flexibility on its directive that banks must disband corporate agency model for insurance products and adopt the b...
- Private banks will also have to adopt insurance broking model: FinMinRBI said that only those banks with bad loans below 3% and capital adequacy ratio above 10% would be allowed to adopt the insurance broking...
- Insurance broking: Bankers meet RBI top brass ahead of meet with Finance MinistryA day ahead of their meeting with the FinMin, top bankers today met RBI top brass and conveyed their concerns arising from the government d...
- Rajiv Takru to meet bank chiefs on January 28 to resolve insurance broking rowCEOs of large commercial banks will meet Rajiv Takru, secretary, finance services, on January 28 to find a solution to the stalemate.
- Finance ministry wants meet bank CEOs on January 28 on insurance brokingFinance ministry is looking at ways of sorting out difference that has cropped between them and banks on selling insurance products.
- IRDA may make insurance broking model compulsory for banksIRDA may make the broking model for banks compulsory soon if significant traction is not achieved in insurance penetration.
- Several PSBs like Union Bank of India, Canara Bank may defy finance ministry on insurance salesThe finance ministry's stated objective was to improve insurance penetration through the banks' branch network and avoid mis-selling of pro...
- Canara Bank may defy government on insurance saleThe Bangalore-based bank plans to pass a resolution rejecting the government’s proposal as “not implementable”, said two senior Canara Bank...
- RBI allows banks to hawk multiple insurance productsThe public has been given time till December 31 for comments and feedback on the draft guidelines issued today.
- Budget 2013 proposals will help widen distribution reach: InsurersWelcoming Budget 2013, Insurance industry today said the proposal to have bancassurance through the broking route would help widen the dist...
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