India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with knowledge of the discussions told Reuters. Reserve Bank of India …
India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime Minister Narendra Modi proposed in August to lift the cap on foreign …
India’ export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as part of a more cautious approach, official sources said on Friday, as western sanctions make trade with Tehran tougher. The …
India’s insurance regulator on Thursday notified guidelines for life insurers to raise capital via initial public offering (IPO) or subsequent public fund raising from the equity markets. The Insurance Regulatory and Development Authority (IRDA) has stipulated that life insurance firms …
