IRDA not keen to increase equity investment cap for private insurers
A revision in limit can only be facilitated if there is a change in the Insurance Act
A revision in limit can only be facilitated if there is a change in the Insurance Act, Mr Nair added.
Mr Nair was speaking on the sidelines of a Ficci-BOAO Forum for Asia on 27th November.
According to a notification by the finance ministry, Life Insurance Corporation of India (LIC) has been allowed to invest up to 30%.
Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!
India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.