Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

India: Central bank head to discuss insurance broking proposal with banks

Reprints

India's central bank governor Raghuram Rajan is to discuss the issue of banks becoming insurance brokers with certain public sector banks as the central bank is yet to finalize guidelines on the matter, The Hindu Business Line reported.

The current guidelines allow banks to become a corporate agent and sell insurance products from a limited number of insurers.

The Finance Ministry wants banks to shift to the broking model by the end of January 2014. This plan poses a problem for banks already having insurance joint ventures.

Read more