November 28, 2013 9:03 PM
RBI relaxes norms for participation of NBFCs in insurance joint ventures
RBI has relaxed norms for participation of Non-Banking Finance Companies - NBFCs in insurance joint ventures. In a notification issued in Mumbai today, RBI said that it will allow NBFCs to invest more than 50 percent of their total equity in insurance joint ventures but on a case to case basis. The ...