Draft Guidelines on Entry of Banks into Insurance Business – Insurance Broking Business

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....raft Guidelines on Entry of Banks into Insurance Business – Insurance Broking Business <br>News and Press Release<br>Dated:- 30-11-2013<br><BR>The Reserve Bank of India today released on its website....

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...., 'Draft Guidelines on Entry of Banks into Insurance Business -Insurance Broking Business' for comments and feedback. Comments / feedback on the draft guidelines may be sent by email latest by Decembe....

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....r 31, 2013 to the Chief General Manager, Department of Banking Operations and Development, Reserve Bank of India, Central Office Building, 13th Floor, S.B. Singh Marg, Mumbai -400001. It has been dec....

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....ided to permit banks to undertake insurance broking business departmentally. Since Insurance Broking is a knowledge intensive activity which requires professional expertise, this will be permitted sub....

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....ject to the certain conditions. Banks desirous of offering insurance broking services should seek specific prior approval of Reserve Bank of India. Validity period for the approval granted for insuran....

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....ce broking will be three years subject to review thereafter. Alpana Killawala Principal Chief General Manager<BR> News - Press release - PIB....