..........The insurance regulator is more comfortable granting a broking licence to a subsidiary company which specializes in insurance broking. RBI, however, is unwilling to grant banks permission to set up a subsidiary that would tap into the bank's distribution network. Banks themselves do want the freedom to sell products for multiple companies. But they are not that keen on floating a separate subsidiary which would leverage the bank's footprint and would be difficult to manage for large banks...........
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