Medi Assist earns 3-3.5% fees on the insurance premiums serviced by it. For FY23, the company earned nearly 75% of its revenues from group insurance schemes – the fastest growing segment in health insurance – and roughly 11% each from retail and government-sponsored schemes.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,