Ajay Seth has taken over as chairman of the IRDAI, filling a five-month vacancy. His appointment comes as the insurance sector faces challenges like slowing growth, health insurance disputes, and mis-selling concerns. Seth’s extensive experience in economic policy and regulatory reforms will be crucial as he addresses these issues and oversees upcoming reforms, including amendments to the Insurance Act.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.