Sebi may postpone implementation of tougher norms for LIC IPO
Sebi has proposed to postpone the implementation of tighter anchor investor norms for large IPOs. Bankers said the move is Read more
SEBI
LIC to file draft IPO papers with Sebi next month
Country’s largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in country’s Read more
Report of the Committee recommendation for curbing mis-selling and rationalising distribution incentives in financial/Life Insurance products
Background Regulating the financial sector is a tightrope walk in any jurisdiction, but more so in a country like India. Read more
Equity investments be called approved investments: IRDAI
The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on investments, said that the equity investments Read more
MFs seek KYC easing, in line with insurance sector
The mutual fund (MF) sector has again indicated that compared to the insurance sector, it is being treated in a step-motherly manner. This time, it is a Budget proposal that has irked officials in the sector. The proposal said a customer could buy an insurance policy if he/she had a bank KYC (know-your-customer). It didn’t include MFs. Read more
No denial of new health insurance till 65 years
The Insurance Regulatory and Development Authority (IRDA) has finalised and gazetted various new rules for the segment. Read more
Chidambaram to hard sell India to domestic, foreign investors
Three days after the Budget, Finance Minister P Chidambaram today outlined his agenda for action: Get public sector and private companies to invest, ask foreign investors to pump money into India, and address the widening current account deficit (CAD). Read more
Future Generali Life CEO exits
Deepak Sood, CEO of Future Generali India Life Insurance, has resigned. The exit follows a DNA exposé on the shareholding pattern of the company in November and December. Read more
Financial literacy and consumer education on insurance in India
The IRDA along with other stakeholders of the industry, has a responsibility of improving financial literacy in the country as well as to impart consumer education in insurance. Towards this end, IRDA has been working on and has implemented various initiatives.
Read moreIt is welcome that IRDA & SEBI have spoken up for autonomy
One swallow does not a summer make. But two swallows? Possibly, especially when it comes to the rarefied sphere of financial sector regulation! We in India do not have a tradition of independent regulators. Read more
