News Life and Health02 Jul 2018

India:IRDAI lifts investment ceiling for LIC's acquisition of bank shares

02 Jul 2018

India's insurance regulator has allowed the country's largest state-run insurer Life Insurance Corporation (LIC) to buy a stake of up to 51% in state-owned lender IDBI Bank, reports according to media reports. This represents dispensation for the insurer as rules for insurers cap investments to 15% of the equity of a single entity.

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