Need More Information - write to us at assist@bsmail.
Insurance companies are likely to shift towards bond forwards instead of Forward Rate Agreements (FRAs) after the regulator permitted them to undertake transactions in bond forwards for hedging interest rate risks, industry participants said.
In a circular, the Insurance Regulatory and Development Authority of India (Irdai) stated that, in view of the Reserve Bank of India’s (RBI) directions and considering insurers' requests for the introduction of bond forwards, insurers are permitted to undertake transactions in bond forwards for hedging purposes.
The story "Insurers likely to prefer bond forwards over forward rate agreements" has 96 words across 5 sentences, which will take approximately 1 minutes for the average person to read.
Which news outlet covered this story?
The story "Insurers likely to prefer bond forwards over forward rate agreements" was covered 1 days ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 281 news stories per day.
It's most recent story was published 5 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
