Bank-backed insurers' scrips tumble on banca limit reports
Business Standard|November 29, 2024
Shares of bank-backed private life insurance companies tumbled on Thursday after reports suggested that the Insurance Regulatory and Development Authority of India (Irdai) might limit the parent bank's share in insurance companies' total bancassurance business to 50 per cent.
AATHIRA VARIER
Bank-backed insurers' scrips tumble on banca limit reports

Bancassurance refers to a partnership between banks and insurance companies to sell insurance products through bank branches.

State Bank of India (SBI)-backed SBI Life Insurance saw its share price decline by 5.1 per cent, while HDFC Bank-backed HDFC Life Insurance dropped by 3.36 per cent.

هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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