VERIFIEDET Finance·14 Jul 2026positive

Insurance distribution boosts fee income at most public sector banks in FY26

AI Summary

·Public sector banks saw an increase in insurance commissions in FY26, with most reporting growth.
·State Bank of India reported the highest insurance commissions, boosted by its subsidiary.
·Canara Bank and Bank of Baroda also experienced growth in insurance commissions, while Punjab National Bank and Union Bank of India saw declines in some areas.