News Asia06 Jan 2016

India:Regulator proposes liberalising trade credit insurance

06 Jan 2016

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed allowing the issuance of trade credit insurance policies to entities registered by the central bank, the Reserve Bank of India (RBI), for factoring services. This would liberalise existing guidelines which say that a trade credit insurance policy shall not be issued to banks, financiers and lenders.

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