Airtel Payments Bank plans to tie up with insurance companies and non-banking financial companies (NBFCs) in the future to offer insurance and credit facilities, a company official said on Thursday. “As per the Reserve Bank of India’s guidelines, payments banks are not allowed to lend, but it can offer third […]
Tag: Insurance companies
CBN: Insurance companies, others in N790bn bank debt
Insurance companies’ total assets and liabilities increased by 3.2 percent to N817.6bn in the third quarter of 2015 According to the Central Bank of Nigeria (CBN)’s 2015 Quarterly Statistical Bulletin, a number of insurance companies and other financial institutions are indebted to commercial banks to the tune of N790billion as […]
