The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The Insurance Regulatory and Development Authority of India has released a draft proposal to prevent banks from forcing loan applicants to buy insurance policies.
- The regulator also aims to significantly reduce the commission rates that banks receive for selling these insurance products.
- These changes target the practice of mis-selling policies to generate fee income.
- The proposed regulations have caused concern among investors regarding the future revenue of major financial institutions.
What to watch next
- Finalization of the draft regulations by the insurance regulator
- Impact of reduced commission structures on bank fee income
Coverage1
1 report
Indian-language1
All filed from India
Named India · AU Small Finance Bank · Axis Bank · Bank of Baroda · HDFC Bank · ICICI Bank · IDFC FIRST Bank · IndusInd Bank · Kotak Mahindra Bank · Punjab National Bank · State Bank of India · Insurance Regulatory and Development Authority of India
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