Wednesday, February 15, 2012

Banks oppose Irda norms on retailing policies

........ The draft guidelines give Irda the power to inspect the premises, books of accounts, records and documents of the bancassurance agent to check if the activities are carried in line with regulations. Banks are concerned that this will ensure that they are effectively under the supervision of two regulators, the Reserve Bank of India (RBI) and Irda......... 
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