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RBI relaxes group limit for NBFCs in insurance joint ventures
RBI has decided to consider a case-to-case basis relaxation of the 50% group limit norm for NBFCs (Non-Banking Finance Companies) in the equity of insurance joint venture (JV). As per the norms of IRDA (Insurance Regulatory and Development Authority), if ..
Month: Current Affairs - November, 2013
Unique Identity Numbers to hospitals: IRDA
With a view to aid in identifying hospitals and gathering information regarding various charges imposed by them on different medical procedures, the Insurance Regulatory and Development Authority (IRDA) has begun a process to provide unique identity numbers to hospitals. IRDA ..
Month: Current Affairs - November, 2013
Category: India Nation & States Current Affairs
More regulatory reforms for insurance sector to spur growth: IRDA chief
As per Insurance Regulatory and Development Authority (IRDA) Chairman T. S. Vijayan, the insurance industry will undergo another round of regulatory reforms, particularly focused on distribution channel, to instill growth. As per him, IRDA is focusing on bank channels and ..
Month: Current Affairs - October, 2013
IRDA relaxes investment norms
Insurance Regulatory and Development Authority (IRDA) has relaxed the investment norms for the firms like Housing finance and infrastructure finance companies to allow these companies to get higher funding from the insurance companies. Steps taken by IRDA: The investments in ..