SENSEX
NIFTY
GOLD
USD/INR

Weather

image 19    C

Business News

The Economic Times

Business / The Economic Times

details

Banks also count cost of insurance payout curbs

Central Bank of India anticipates a 33% decline in bancassurance fees due to proposed regulations. Canara Bank expects a 145-crore hit to its fee income from similar changes. Axis Bank aims to mitigate losses through increased sales volumes and alternative income sources. HDFC Bank has not yet assessed the potential impact of the new rules.

19 Oct 2026 12:51 am