RBI holding co norms may spell bad news

 
Meanwhile, ICICI Bank said it is open to listing its insurance subsidiaries individually if the RBI vetoes intermediate holding companies.

 The issue is being closely watched by the insurance industry since it has implications on whether companies will be able to attract foreign capital to grow their businesses.  Accessing such funds is difficult because of a 26 per cent limit on foreign direct investment in insurance.  The trigger for RBI