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HomeIndia TakesIRDA ALLOWS INSURERS TO INVEST IN ONSHORE RUPEE BONDS OF ADB, IFC

IRDA ALLOWS INSURERS TO INVEST IN ONSHORE RUPEE BONDS OF ADB, IFC

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Mumbai: Insurance Regulatory and Development Authority (Irda) has allowed insurance companies to invest in onshore rupee bonds issued by Asian Development Bank (ADB) and International Finance Corporation (IFC), an arm of the World Bank. IFC had sent a representation to Irda to permit insurers to invest in onshore rupee bonds to be issued by it….

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