| |
|
|
| |
|
eWeekly India |
 |
| |
 |
1. |
Urban Co-op Banks Allowed to Act as Corporate Insurance Agents |
| |
|
The Reserve Bank of India, which is the central bank of India, is giving the green light to urban cooperative banks (UCBs), which have a major presence in second-tier cities, to act as corporate agent for the insurance sector which currently faces a shortage of distribution partners for their products. |
| |
|
2. |
Sector Shakeup Expected with SBI's Non-life JV |
| |
|
The entry of India's largest bank, the State Bank of India (SBI), into the general insurance business, possibly by December, is expected to result in a shakeout of the sector, because of the bank's wide network and its track record in the life insurance business, reports The Hindu newspaper. |
| |
|
3. |
Insurers' Investment in IPO to be Capped at 10% |
| |
|
The investment of insurance firms in IPOs will be capped at either 10% of their subscribed capital or 10% of their fund value, whichever is lower, according to the Mint business newspaper, citing unnamed sources in the IRDA. However, the industry regulator will increase the insurers' limit for investment in mortgage-backed securities (MBS). |
| |
| Read more. |
|
|
|
|
| |
|
|
|
| |
| Conference |
Last Updated on 5/7/2008 |
|
|
|
|
|
|
|
|
|
|
|
