Reliance General Insurance

Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement

Reliance Capital believes that the order by Irdai will protect the interest of all lenders and debenture holders of the company.

The regulator also said its prior approval was not taken for the transfer. The Irdai added that the unauthorised transfer also violates FDI regulations

Meanwhile in another filing, Reliance Capital said interest and principal obligations in regards NCD due on Monday has been delayed

Irdai has also asked RHICL to "ring fence" its residual assets and not dispose them of without the insurance regulator's prior written approval.

Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8

The company failed to tap primary markets as lack of investors' appetite for the IPO, and volatile equity market conditions forced the insurer to postpone its plans

Reliance General Insurance Company Ltd is a wholly owned subsidiary of Reliance Capital Ltd

Reliance General said they adopted 'non-standard settlement' in matters where there was a breach of terms and conditions of the insurance policy by customers

The company's Gross Written Premium grew to Rs 15.71 billion for Q1 FY2019 from Rs 12 billion in premium revenues in Q1 FY2018, a year-on-year increase of 23 per cent

YES Bank is pleased to partner Reliance General Insurance to offer a bouquet of insurance products to customers: CEO

Listing was expected to be completed in FY18 if the necessary approvals could be secured

Reliance General Insurance outperformed industry growth rate of 30% and reported 41% growth in FY17

The gross written premium of the company rose by 41% to Rs 1,278 crore

Reliance Capital to dilute 10% stake

Its valuation is expected to be over Rs 6,000 cron an average multiple of around five times

Interview with CEO, Reliance General Insurance