Insurance regulator IRDAI has permitted insurers to invest in Maharajah INR Bonds (Onshore Rupee Bonds) of the New Development Bank, an approval that assumes significance ahead of next month’s BRICS Summit in Delhi.

Insurance regulator IRDAI has permitted insurers to invest in Maharajah INR Bonds (Onshore Rupee Bonds) of the New Development Bank, an approval that assumes significance ahead of…

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…