Indian regulator permits insurer investment in NDB bonds

India's insurance regulator Irdai approved a proposal allowing domestic insurers to invest in New Development Bank's Maharajah INR-denominated bonds for corporate purposes.

28 Aug, 00:08 — 28 Aug, 00:08

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economic-times4d ago

Irdai opens NDB's Maharajah INR bonds to insurers

In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah INR Bonds. NDB plans to use the proceeds for general corporate purposes, including financing or onward lending to sustainable development, sustainable infrastructure, green and social projects in India.

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Indian regulator permits insurer investment in NDB bonds

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Irdai opens NDB's Maharajah INR bonds to insurers

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