Insurers' compulsory listing plan put in cold storage

The Insurance Regulatory Development Authority of India may not want insurance companies to list themselves in stock exchanges after a push from the Finance Ministry.

October 17, 2016 / 12:02 IST

The Insurance Regulatory Development Authority of India may not want insurance companies to list themselves in stock exchanges after a push from the Finance Ministry. In an interview with Business Standard, IRDAI Chairman, TS Vijayan said: “We had never insisted on it (listing). It is only a discussion paper and should be seen in that perspective.” In a discussion paper released this August, the insurance regulators gave companies - 55 life and non-life insurance companies in India - a little less than a month to respond to its suggesion on the need for them to list. However, following the discussion paper, a lot of insurers have met with the Finance MInistry seeking its support in putting IRDAI plan in a cold storage.

first published: Oct 17, 2016 08:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347