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banking & insurance industry

Tags : 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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LIC Of India will slowly move into Banking Services  
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 LIC Of India will stick to Life Insurance Only
ASOKE KUSARI  |  Argues in support of  "LIC Of India will stick to Life Insurance Only"  |  1 year ago
  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 :- --- ...
Prasad PN  |  Argues in support of  "LIC Of India will slowly move into Banking Services "  |  2 years ago
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...
Niranjan Meena  |  Argues in support of  "LIC Of India will stick to Life Insurance Only"  |  2 years ago
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 ...
ravindra shrivastava  |  Commented  |  1 year ago
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. •...
 
 
Insight: "History of banking in India" deleted from your view.
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Insurance 
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 Bankassuarance
Niraj S Kakkad  |  Argues in support of  "Bankassuarance"  |  1 year ago
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...
Shajprashanth K. A.  |  Argues in support of  "Insurance"  |  1 year ago
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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 DIFFICULT TO SALE
Anuj Agrawal  |  Argues in support of  "DIFFICULT TO SALE"  |  1 year ago
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...
AKNR Chandra Sekhar  |  Argues in support of  "EASY TO SALE"  |  1 year ago
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...
sarvesh trivedi  |  Argues in support of  "DIFFICULT TO SALE"  |  1 year ago
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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 No
Nirav Trivedi  |  Argues in support of  "No"  |  1 year ago
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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 No Effect On LIC
ASOKE KUSARI  |  Argues in support of  "No Effect On LIC"  |  1 year ago
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"...
Vipin Bhasin  |  Argues in support of  "More Competition With LIC"  |  1 year ago
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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industry 
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 city jobs
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Debate: "industry" deleted from your view.
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Yes 
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 No
Padmanabhan R  |  Argues in support of  "No"  |  2 years ago
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...
SHARATH CHANDAR REDDY  |  Argues in support of  "Yes"  |  2 years ago
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.
Jairam Gopalan Aiyer  |  Argues in support of  "No"  |  2 years ago
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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Yes 
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 No
SHARATH CHANDAR REDDY  |  Argues in support of  "No"  |  2 years ago
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...
kawaljit kaur  |  Argues in support of  "No"  |  2 years ago
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 ...
Jyoti Rath  |  Commented  |  2 years ago
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
 
 
Trends: "Insuring Currency pays off !!!" deleted from your view.
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Other knowledge matching "banking & insurance industry" topic
Activity: 10 referals , 11 comments, 6629 views  
Credit risk management is a very important area for for the banking sector and there are wide prospects of growth and other financial institutions also face problems which are financial in nature. Also, banking professionals have to maintain a balance between the risks and the returns.For a large customer base banks need to have a variety of loan products.If bank lowers the interest rates for the loans it offers, it will suffer In terms of equity, a bank must have substantial amount of capital on its reserve, but not too much that it misses the investment revenue, and not too little that it leads itself to financial instability and to the risk of regulatory non-compliance. Credit risk management is risk assessment that comes in an investment. Risk often comes in investing and in the allocation of capital. The risks must be assessed so as to derive a sound investment decision.And decisions should be made by balancing the risks and returns. Giving loans is a risky affair for bank...
Activity: 792 referals , 7 comments, 209 views  
My  salutes to Mr Narayana Murthy and Mr Mashelkar! Today in Economic Times the brain storming article having same heading made me really excited and highly hopeful towards future of application of researches in science and technology in commercial field.As in my whole career I felt that its lagging too much in our country (except southern parts of India).Whatever researches are going on in big government institutes remain in journals and proceedings of seminars.Very few come up in application.While crores of rupees are spent every year by many funding sectors viz; UGC,CSIR,DBT and many more. Today after reading views of Mr Narayan Murthy and Mr Mashelkar I felt really supportive from their side as I have requested in many seminars and meetings about this innovation. Mr Narayan Murthy: What we really require is science,technology and innovation policy.Innovation is mind to market,concept to commercialisation.In the rest of the world you see that is happening. Mr Mashelkar: Human...
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