Budget proposals positive for Indian insurance sector: Fitch Ratings
February 09, 2021 × ‘Fitch expects relaxation of foreign-ownership rules to attract international insurers and promote competition within the sector’ Fitch Ratings on Tuesday said Budget proposals will help Indian insurers attract foreign capital, strengthen solvency and promote competition. “The proposals could encourage global insurers to enter the fast-expanding Indian market, while international insurers already holding minority stakes in domestic companies may try to increase their ownership over the medium term,” it said in a statement. Finance Minister Nirmala Sitharaman had ...
Source: thehindubusinessline.com