Tuesday, 1 September 2009
Insurers facing capital drought
Posted on 01:42 by Unknown
NEW DELHI: India's fledgling life insurers, unable to go public and hamstrung by limits on stake sales, could be starved of capital unless rules are changed to make it easier for them to raise funding.The number of life insurers has risen to 22 since the market was opened in 2000 to challenge state-owned Life Insurance Corporation's monopoly, but existing regulations prevent insurers from selling
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