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How much are your banks dependent on insurance commissions?
The brief
- Insurance commissions are a significant source of fee income for some Indian banks
- Their contribution to pre-tax profits varies sharply across banks
- Commission income diversifies fee revenue for banks, including PSU lenders
- Market drift lower in early trade; breadth weak
- Bank strike deferred: Are banks open today? Here's what you need to know
- SBI Share Price Live Updates: SBI's beta reflects its investment profile
- Are banks open or closed today? Why 3-day bank strike was deferred by unions; what customers should know
- Eight PSU banks lack non-executive chairmen, raising governance concerns
Insurance commission caps and bank exposure
A report examined how commission caps affect insurance distributors, whose business models rely on policy commissions, amid a sharp sell-off in insurance stocks. A later report turned to how dependent banks are on insurance commissions.
Saturday, 26 September
- How much are your banks dependent on insurance commissions?