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From The Economic Times

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Banks also count cost of insurance payout curbs

Banks also count cost of insurance payout curbs

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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…

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