Economic TimesLean R·
Banks also count cost of insurance payout curbs
Mumbai: Banks are assessing the impact of the proposed insurance commission curbs. Central Bank of India is expecting a 33% drop in bancassurance fees while Canara Bank is estimating a ₹145-crore hit to fee income, according to top executives of these lenders.Axis Bank, meanwhile, is planning to offset the potential loss through higher sales volumes, changes in product mix and alternative fee income, according to its management. HDFC Bank said it is too early to assess the impact.The changes pr…
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