Financial Daily from THE HINDU group of publications
Wednesday, Jan 30, 2002

Port Info

Group Sites

Money & Banking - Insurance

IRDA to set up institute in Hyderabad

Our Bureau

HYDERABAD: The Insurance Regulatory Development Authority (IRDA) and the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) have signed up to establish a global institute for insurance, risk management and other allied financial services in the financial district of the city.

According to the memorandum of understanding, while the IRDA would have equity participation in the proposed institute in its capacity as a sponsor, the APIIC will hold equity equivalent to the value of land transferred by it to the institute. The institute will be set up in 15 months.

Send this article to Friends by E-Mail

Stories in this Section
Rupee sheds 6 paise; securities rally

IRDA to set up institute in Hyderabad
Sundaram Finance net down 15 pc
3 options for insurance development officers
Insurance brokers set to return; await licences
Deflation is the new enemy
Centurion Bank posts Rs 26-cr loss
IndusInd net up marginally
GTB net sinks on provisioning
Federal Bank net rises 45 pc
ICICI Bank in ATM pact with Bharti
Vijaya Bank net zooms 172 pc
SBI `relief package' for slowdown-hit units
BoB net crawls up
IDBI third-quarter net plunges 77 pc
Letter of credit: A scam in the making?

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line