Money & Banking

6 insurers get FIPB nod for ₹2,566-cr

PTI New Delhi | Updated on January 20, 2018 Published on May 14, 2016

As many as six private insurers have got FIPB approval for foreign investment proposals worth ₹2,566 crore till February after the government increased the FDI cap in the sector to 49 per cent from 26 per cent.

“As on February 29, 2016, foreign investment proposals of six insurance companies have been approved by Foreign Investment Promotion Board (FIPB), including a total quantum of ₹2566.26 crore,” said the Finance Ministry’s 2015-16 Annual Report.

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Published on May 14, 2016
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