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Irda Prohibits Insurers From Investing In Idrs
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IRDA prohibits insurers from investing in IDRs
Jul 01, 2009 at 16:01 | Source:
CNBC-TV18
The Insurance Regulatory Development Authority has prohibited insurers from investing in Indian Depository Receipts (IDR) as it amounts to indirect overseas investment. The Insurance Act prohibits investment in IDRs. CNBC-TV18's Avni Raja reports.
IRDA prohibits insurers from investing in IDRs
Jul 01, 2009 at 16:01 | Source:
CNBC-TV18
The Insurance Regulatory Development Authority has prohibited insurers from investing in Indian Depository Receipts (IDR) as it amounts to indirect overseas investment. The Insurance Act prohibits investment in IDRs. CNBC-TV18's Avni Raja reports.
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