Tag Archives: IRDAI

RBI and IRDAI object to new bankruptcy bill

NEW DELHI: The Reserve Bank of India and the country’s top insurance regulator, Insurance Regulatory and Development Authority, have objected to a draft law on bankruptcy in financial institutions, saying some of its provisions undermine their authority.

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IRDAI approved SBI life’s IPO worth 6000-7000 cr.

MUMBAI/CHENNAI: The Insurance Regulatory and Development Authority of India has approved SBI Life Insurance Co Ltd’s application for an initial public offering (IPO), which is likely to be worth rs.6,000-7,000 crore, the largest public share sale thus far in the life insurance business. An IRDAI official said on condition of anonymity that the insurance regulator approved SBI Life’s IPO a few days back.

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