Insurance distribution boosts fee income at most public sector banks in FY26
Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed mixed performance across various banks. State Bank of India led insurance commissions, with significant contributions from its subsidiary. Canara Bank and Bank of Baroda also reported insurance commission increases. However, Punjab National Bank and Union Bank of India experienced declines in some segments.
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