The central bank allows bank agencies to practice insurance brokerage

India's central bank now allows banks to offer insurance brokerage services, which means they can now sell all the policies available on the market. For the sake of transparency, banks will be required to clearly disclose the commissions received.

Eligibility criteria have been established by the authorities for banks interested in this activity: a minimum capital of 80.3 million USD, and profit-making on each of the last three years. According to local media, banks are not enthusiastic about this new law.

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