MUMBAI (Reuters) - The Insurance Regulatory and Development Authority of India (IRDA) is nudging insurers to trade some of its government and corporate debt, instead of holding them to maturity, said V.R. Iyer, a senior IRDA official, on Tuesday.
Meanwhile, the Securities and Exchange Board of India (SEBI) will come out with guidelines for exchange-traded repos, said R.K. Agarwal, a senior SEBI official, seeking to bring more regulation to a still relatively young product in India.
Both the officials were taking part in a panel discussion on corporate bonds in Mumbai.
India has been keen to develop its debt markets, especially in corporate bonds. Insurers are among the biggest debt investors in the country.
(Reporting by Suvashree Dey Choudhury and Abhirup Roy; Editing by Biju Dwarakanath)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app