Insurance companies do not want to withdraw deposit from parent banks


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The market is just coming back again after years of slowness but your cash recommendations may make thing challenging for them. "There should not be any such control. Banking organizations continues to be are highly liquid and this is important for finance management," Globally Sompo Common Insurance plan Company Professional Seat ON Sigh informed ET. "At least, IRDAI should not avoid us from down payment cash in nationalized financial organizations," he said.
The offer, if becomes information, would stop Globally Sompo from down payment resources in Allahabad Standard bank, Local indian native Worldwide Standard bank or Karnataka Standard bank -- its promoters. "If we adjust to all the other economical dedication guidelines, why should we not be able to obtain parent or guardian banks?" Singh said.




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