Insurance firms may get to tap markets through debt sales
by mahir on 06/04/10 at 6:16 am
April 6th, 2010- The tender, if accepted, will permit insurance firms to enlarge quicker without aching abundance or profitability. A Committee with 6 members of India’s insurance regulator, the Insurance Regulatory and Development Authority, has recommended that insurance companies be permitted to elevate capital through issuance of debt paper, told two people familiar with the move. Both of them declined to be named because a final decision has not yet been made.
If approved, the move would bring noteworthy relief to life insurers, who are loaded by huge losses and need raising capital. The Bank for International Settlements (BIS) sets necessities on two classes of capital for banks—tier I and tier II.
Tier I capital is the book value of a bank’s stock plus retained earnings.
Tier II capital is loan-loss reserves plus subordinated debt. Total capital is the sum of both.
If you have query regarding information in this article please contact here : Health Insurance or write your reviews.
2 Comments
Andy Michetti
Sep 30th, 2010
“This is actually my very 1st time right here, and that i must say this is a genuinely wonderful site. I have uncovered plenty of fascinating things inside your website particularly in its discussion. From all of the great feedback on your articles, it seems like that is a really properly favored web site. Hold up the good work.”
Blues HarMonica
Oct 14th, 2010
“Hrmm that was weird, my remark attained eaten. Anyway I wanted to say that it’s good to know that an additional individual furthermore outlined this as I had bother discovering the exact same details elsewhere. This was the initial location that instructed me the answer. Thank you.”
Leave a Comment