IRDA, finance ministry lock horns over LIC’s stake ceiling

A fresh tussle between the government and a regulator has burst out into the open, with the finance ministry allowing Life Insurance Corporation (LIC) to own up to 25% of a listed company over the objections of sector watchdog IRDA, which has blasted the decision. Read more

Insurance News : Former SBI chairman, OP Bhatt on panel to hunt for new IRDA chief

Former State Bank of India chairman OP Bhatt has been appointed on a panel that will assist in the search for the next chief of Insurance Regulatory and Development Authority, a move that signals Bhatt’s return to the establishment. Read more