Insurance distribution boosts fee income at most public sector banks in FY26
The Economic Times·2026-07-14 18:41

However, income from mutual fund distributions was mixed, with some banks reporting higher earnings while others saw declines.An analysis of annual reports of banks by PTI showed that the country's largest lender, Commission income from mutual fund distribution at SBI also rose 7.05 per cent to Rs 1,617.52 crore from Rs 1,511.06 crore in FY25.Of the Rs 2,795.01 crore in insurance commissions booked by SBI, a bulk Rs 2,384.63 crore or 85 per cent came from distributing policies of its life insurance subsidi ...

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