India city Chennai experts 2020 economy Government India city Chennai

Mixed reactions to Irdai asking insurers to refrain from paying dividend

Reading now: 959
www.livemint.com

CHENNAI : Insurance industry experts voiced mixed views on Indian insurance regulator asking listed and unlisted insurers -- life/general/reinsurance -- to refrain from paying dividend to shareholders from profits pertaining to financial year 2019-20.

Some experts cited Reserve Bank of India's (RBI) advice to the banks earlier and supported the Insurance Regulatory and Development Authority of India's (Irdai) move to conserve capital, while others cited the varying nature of the two businesses and said that the insurance regulator should focus on underwriting losses incurred by general insurers rather than following the central bank.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA