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    NBFCs registered with RBI entering into insurance business as agents or inve stors or on risk participation basis will be required to obtain prior approval. It should be ensured that risks involved in insurance busine ss do not get transferred to the NBFC business.

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    NBFCs registered with RBI entering into insurance business as agents or inve stors or on risk participation basis will be required to obtain prior approval. It should be ensured that risks involved in insurance busine ss do not get transferred to the NBFC business.

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    3 views1 page

    Untitled

    Uploaded by

    bintu7
    NBFCs registered with RBI entering into insurance business as agents or inve stors or on risk participation basis will be required to obtain prior approval. It should be ensured that risks involved in insurance busine ss do not get transferred to the NBFC business.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    All NBFCs registered with RBI entering into insurance business as agents or inve stors or on risk participation basis

    will be required to obtain prior approval o f the Reserve Bank. It should be ensured that risks involved in insurance busine ss do not get transferred to the NBFC and that the NBFC business does not get co ntaminated by any risks which may arise from insurance business.

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