Thursday, May 16, 2013

Insurers Exposure cap for Reverse Repo deals removed

The Insurance Regulatory and Development Authority (IRDA) have done away with the exposure limit on reverse repo transactions by insurers. In a circular to the chief executives of all insurance companies, IRDA has said that reverse repo transactions in government securities were treated on a par with collateralize borrowing and lending obligation (CBLO) transactions and the 10 per cent investment limit wasn't applicable to this category.

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