SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (363)3/10/2000 5:34:00 PM
From: Mohan Marette  Respond to of 494
 
Banks can invest half their capital in insurance JVs

Jayanthi Iyengar
& Mukul Chandra Gogoi
NEW DELHI 10 MARCH

BANKS will be permitted to invest up to 50 per cent of their paid-up capital in insurance joint ventures. The government and the Reserve Bank of India (RBI) have also decided to allow three-way tie-ups by banks in the insurance sector to ensure that the 26 per cent foreign equity cap is not breached.....

economictimes.com