Transparent functioning by companies backed by clarity in regulations will go a long way in smooth functioning of the sector and create greater awareness of insurance products and increase their penetration
Das also said that maintaining banking sector health with strong capital base and ethics-driven governance remains a policy priority
The report said that passive investments are also gaining interest among Indian investors with about 25% investing in ETFs.
While the global COVID-19 experience shows that second wave is much higher in intensity than the first, presence of vaccine will make a difference
On the BSE, 538 shares rose and 2087 shares fell. A total of 148 shares were unchanged.
The active caseload registered an increase for the 15th day in row and was recorded at 3,95,192 comprising 3.35 per cent of the total infections, while the recovery rate has further dropped to 95.28 per cent
On the BSE, Craftsman Automation opened at Rs 1,350, at a discount of 9.40%.
On the BSE, Laxmi Organics Industries opened at Rs 156.20, at a premium of 20.15%.
In opening trades, Sensex was trading at 48,862 down 318 points or -0.65%; while the broader market index Nifty lost 82 points or -0.56% at 14,467.