The All-Kerala Bank Employees Federation has urged the Centre to withdraw the decision to allow 49 per cent foreign direct investment in the insurance sector. The federation in a statement said the decision would hurt the interests of the nation. Already, certain insurance companies which had tie-up with foreign companies are repatriating large quantum of their profits to their partners abroad, it said.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.