Bahrain has of late emerged as a regional hub for banking because of low tax rates and easy regulations. At present, 409 banks and financial institutions have operations there.
Freebies do not seem to have attracted many buyers, as both property prices and lending rates continue to remain high.
The Life Insurance Council has made a representation to the Insurance Regulatory Development Authority (Irda), seeking some revisions pertaining to unit-linked products.
Prior to the attack, the size of the pool was around Rs1,400 crore.
Star Union Dai-ichi expects to break even within five years of starting operations.
Govt plans cap on third-party claims, three-year time limit for filing claims.
Nippon Life's plan to buy a stake in Reliance Life may be delayed as the deal requires special permission from the government.
The Manila-based development finance institution has decided not to guarantee loans directed to Andhra Pradesh, where the microfinance activity has fallen sharply due to strict rules introduced by the state government in October last year.
Life Insurance Corporation of India, the country largest insurer, is in talks with the government to modify its investment norms to diversify the risk.
Compared to other emerging markets, accelerated growth in the domestic economy provided greater business opportunities to foreign banks in India, resulting in higher profitability.
Expect rate rise pause, amid market expectations to the contrary.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
Volatility in domestic share market acting as catalyst.
"Companies are looking for longer maturities, typically one year and above (for bulk deposits), while banks want funds for a short tenure," said B A Prabhakar, executive director, Bank of India.
Life Insurance Corporation of India, Housing Development Finance Corporation and State Bank of India together own a little over 45 per cent in IL&FS. The deal is expected to be valued around $2.5 billion.
The finance ministry's plan to offer basic banking licences may find few takers because of doubts over the commercial viability of the proposed business model.
"The main point is managing this growth so as to make it sustainable. Our aim is to grow by at least 25 per cent on-year during 2011-12."
LIC is also working on a new model to scan loan applications.
You can't ask a current borrower to finance your growth, says RBI memeber Yezdi H Malegam.
Banks have started putting the brakes on short-term corporate loans.
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