Business Insurance

Login  |  Register Subscribe

cbVid =

India: Insurers boost investments in banks

May 8, 2014 - 6:00am

Indian insurers have increased their investments in the country's banks, mainly state-owned lenders, over the last three years as they eye the long-term growth prospects of the industry, Asia Insurance Review reported citing The Economic Times.

Insurers' holdings in government-controlled banks have on an average risen to 12.4% as of the end of March 2014, up from 7.08% in March 2011. Insurers are also increasing investment in banks that are considered potential acquisition targets, the news report said.

Read more


Get our daily Global Focus newsletter

You may also want to visit

International Content