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banking & insurance industry
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banking and insurance industry
Industry :
Banking, Insurance
Functional Area : India |
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About "banking & insurance industry" topic:
banking
insurance
2 trends
, 3 insight
, 10 debates
, 3 idea contests
on topic: "banking & insurance industry"
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(rate this)
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LIC Of India will slowly move into Banking Services
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11
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15
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LIC Of India will stick to Life Insurance Only
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ASOKE KUSARI
| Argues in support of
"LIC Of India will stick to Life Insurance Only"
| 2 years ago
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Yes .. LIC Board is to decide. If Private players and NBFCs may be invited ... why not LIC Housing Finance pray for a Banking licence ? And .. that will be a better option for the prospective clients. But ... questions lie elsewhere :- --- ...
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Prasad PN
| Argues in support of
"LIC Of India will slowly move into Banking Services "
| 2 years ago
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Nothing wrong in LIC moving into banking services. With their client base, branch network and superior IT backbone and service levels it is quite natural that LIC to get into banking. Almost all banks are marketing insurance products to their...
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Niranjan Meena
| Argues in support of
"LIC Of India will stick to Life Insurance Only"
| 2 years ago
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Nice thought Jairam Ji but already LIC has entered into an agreement with other Banks for marketing their products in different regions. And there will be conflict of interest if they get into direct banking space. Currently LIC’s stakes in...
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Debate: "Will LIC Of India become a Bank rather than remaining only an Insurance Company?" deleted from your view.
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HISTORY OF BANKING IN INDIA Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. For the past three decades India's banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. This is one of the main reason of India's growth process. The government's regular policy for Indian bank ...
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ravindra shrivastava
| Commented
| 2 years ago
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Nationalisation Of Banks In India The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them. •...
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Insight: "History of banking in India" deleted from your view.
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Insurance
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1
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1
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Bankassuarance
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Niraj S Kakkad
| Argues in support of
"Bankassuarance"
| 1 year ago
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Banking sector in India has evolved over the past 2 decades, bank customers look up to the RM for service requirements and place immense faith on his/her advisory, the conventional philosophy of a Bank is to keep the deposits of the customer...
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Shajprashanth K. A.
| Argues in support of
"Insurance"
| 1 year ago
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People have trust on the deposits made through Banks as they have experienced the guarentee of return on Bank Investment. When the Banker direct them to deposit in ULIP describing it as mor profitable investment, they are simply depositing without...
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Debate: "Whether selling of ULIP and Mutual Fund through banks is healthy?" deleted from your view.
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EASY TO SALE
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2
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4
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DIFFICULT TO SALE
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Anuj Agrawal
| Argues in support of
"DIFFICULT TO SALE"
| 1 year ago
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Bhai logo....Firstly..Every person who is working in any industries has insurance From the Employer. Secondly.. If a person has Insurance if he/she want to take a one one is not for any use we didnt get any profit in tax deduction. that hy i sa...
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AKNR Chandra Sekhar
| Argues in support of
"EASY TO SALE"
| 1 year ago
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Insurance is not a Mutual Fund or a Fixed Deposit. It's main objective is to protect family or a person from any risk. I feel with the new regulations from IRDA, this point is made clear, there is no side shot. If customer is interested in...
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sarvesh trivedi
| Argues in support of
"DIFFICULT TO SALE"
| 1 year ago
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I THINK ITS DIFFICULT TO SALE BECAUSE PEOPLE DOESN'T WANT TO GO WITH FIVE OR YEARS PLANS / NO REBATE IN ULIP PLAN / TEN TIMES SUM.. WILL INCREASE MORTALITY CHARGES FOR CUSTOMERS ITS NOT GOOD FOR CUSTOMERS WHO IS COMFORTABLE WITH ULIP PLANS.......
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Debate: "what next for "insurance industry" in september " deleted from your view.
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Yes
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0
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1
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No
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Nirav Trivedi
| Argues in support of
"No"
| 1 year ago
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I think they should not worry because insurance has been kept out of new FDI rules that changed the status of these banks (to foreign owned and indian controlled) and 100% FDI is permitted in NBFC.
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Debate: "should ICICI and HDFC worry in making downstream investments in Insurance and NBFC?" deleted from your view.
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More Competition With LIC
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1
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1
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No Effect On LIC
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ASOKE KUSARI
| Argues in support of
"No Effect On LIC"
| 1 year ago
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Even LIC, though late, satarted selling of ULIPs to remain relevant in the market. Now, that the darker sides of ULIPs made known and IRDA tightening their grip on ULIP selling Insurance Cos, all are bound to re-start selling of "pure Insurance"...
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Vipin Bhasin
| Argues in support of
"More Competition With LIC"
| 1 year ago
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According to my view LIC will face tough competition in near future in Insurance sector. Because we already saw that all other companies made his good position in ULIPs selling or we can say that the share of market has already divided. But the...
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Debate: "Insurance Co.s Enter In Traditional Plans" deleted from your view.
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Debate: "industry" deleted from your view.
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Yes
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1
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5
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No
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Padmanabhan R
| Argues in support of
"No"
| 2 years ago
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Asset liability management is vital for insurance companies, as there are very limited investment options with duration matching there long term liabilities. And following the fair value accounting can trouble the insurance companies, during bad...
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SHARATH CHANDAR REDDY
| Argues in support of
"Yes"
| 2 years ago
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Of late, IRDA is bringing in lots of changes and new initiatives. In the crrent situation of volatility uncertainity, I think IRDA's decision is correct and sensible.
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Jairam Gopalan Aiyer
| Argues in support of
"No"
| 2 years ago
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IRDA is wrong.Marked to Market would end mis-selling and mis-representation and consequently make for healthier buying by the Indian Population
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Debate: "IRDA against Basel-II norms for insurance industry. Is IRDA's stand right???" deleted from your view.
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(rate this)
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Yes
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1
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5
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No
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SHARATH CHANDAR REDDY
| Argues in support of
"No"
| 2 years ago
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My first reaction to this was ''it seems like a local small time name". The brand names of BOB and AB should have reflected in this (the management might have its own reasons for not attaching their names). Even otherwise, it should have been...
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kawaljit kaur
| Argues in support of
"No"
| 2 years ago
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lol..what were the marketeers thinking wen they chose such a tacky name this reflects quaint sense of 'jingoism'.seems like they really ran out of ideas .
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Debate: "IndiaFirst Life Insurance Company....Is the name appealing???" deleted from your view.
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Interesting news on de-risking currency volatility.... Last year, since there was a prediction that the rupee would strengthen and go down below 39 to the dollar, a number of companies were badly hit by hedging the rupee at a fixed price. Biocon, for instance, covered the rupee at about 41.5. That became disastrous for the company. For, contrary to expectations, the rupee weakened, climbing up to 48 and 49. So, Biocon decided to insure the rupee this year, instead of hedging at a fixed price. “The insurance mechanism assures that we will get the value of the rupee at the given point of time, even if it goes below the level at which we insured it. And the beauty of this mechanism is that if ...
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Jyoti Rath
| Commented
| 2 years ago
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Strengthening of Rupee will be beneficiary for companies engaged in importing activities. But it is not good for exporting companies. Thus we should increase/decreasing our import/export works whenever we feel the value of Rupee has risen/fallen
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Trends: "Insuring Currency pays off !!!" deleted from your view.
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions will usually (not necessarily always) be closed before the market close of the trading day. This is different from After-hours trading. Traders that participate in day trading are called day traders. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures. Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management. However, day trading has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the internet. First of all let me give you few tips that you must follow if you are going...
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