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Mandatory listing of insurance firms on hold

In August, Irdai surprised the 55 life and non-life insurance companies in India, when it issued a discussion paper on the need for them to get listed

Subhomoy Bhattacharjee  |  New Delhi 

Insurance companies will not be asked to compulsorily list themselves in the stock market, as the Insurance Regulatory Development Authority of India (Irdai) is having second thoughts about it after a nudge from the finance ministry. "We had never insisted on it (listing). It is only a discussion paper and should be seen in that perspective," Irdai Chairman T S Vijayan told Business Standard. He also said he had received comments on the paper from amny companies asking for a reconsideration of the proposal. "We are willing to wait", he added. In August, Irdai ...

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Mandatory listing of insurance firms on hold

In August, Irdai surprised the 55 life and non-life insurance companies in India, when it issued a discussion paper on the need for them to get listed

In August, Irdai surprised the 55 life and non-life insurance companies in India, when it issued a discussion paper on the need for them to get listed Insurance companies will not be asked to compulsorily list themselves in the stock market, as the Insurance Regulatory Development Authority of India (Irdai) is having second thoughts about it after a nudge from the finance ministry. "We had never insisted on it (listing). It is only a discussion paper and should be seen in that perspective," Irdai Chairman T S Vijayan told Business Standard. He also said he had received comments on the paper from amny companies asking for a reconsideration of the proposal. "We are willing to wait", he added. In August, Irdai ... image
Business Standard
177 22

Mandatory listing of insurance firms on hold

In August, Irdai surprised the 55 life and non-life insurance companies in India, when it issued a discussion paper on the need for them to get listed

Insurance companies will not be asked to compulsorily list themselves in the stock market, as the Insurance Regulatory Development Authority of India (Irdai) is having second thoughts about it after a nudge from the finance ministry. "We had never insisted on it (listing). It is only a discussion paper and should be seen in that perspective," Irdai Chairman T S Vijayan told Business Standard. He also said he had received comments on the paper from amny companies asking for a reconsideration of the proposal. "We are willing to wait", he added. In August, Irdai ...

image
Business Standard
177 22