IRDAI to allow insurers to raise stake in co's beyond 15%

The Insurance Regulatory & Development Authority of India (IRDAI) is open to insurers surpassing the 15% limit on equity holdings in a company under some conditions. Permission to increase equity exposure will be decided on a case-to-case basis.

Fraud cover for bank clients The Reserve Bank of India (RBI) proposed that a customer should have zero liability in case of a
RBI overhauls debt restructuring schemes S4A Scheme RBI has given lenders additional time up to 180 days for hammering out a restru
Government wants PSBs to take equity route The government may soon direct state-owned banks to explore public offering to increase their ca
Central bank eases working capital lending norms for MSEs- to ease constraint in cash flow A notification on RBI's website said, "Accordingly, banks are hereby advised that they may use
Foreign investors with Permanent Residency Status In an effort to grease the tracks for foreign investments, India has decided to grant Permanent
Government looks to change rules to boost piped gas consumption The government looks to overhaul its city gas distribution policy to clear major hurdles holding