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This is an archive article published on February 12, 2004

NBFC entry into insurance

The RBI has permitted registered non-banking finance companies (NBFCs) to take up insurance agency business on fee basis and without risk pa...

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The RBI has permitted registered non-banking finance companies (NBFCs) to take up insurance agency business on fee basis and without risk participation, without its approval subject to certain conditions. RBI said such NBFCs should obtain permission from IRDA and comply with the IRDA regulations for acting as ‘‘composite corporate agent’’ with insurance companies.

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Azam Khan
SP leader Azam Khan walks out of jail after 23 months, hundreds of supporters welcome him
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Senior Samajwadi Party leader Azam Khan, who is facing multiple cases, walked out of the Sitapur jail today after 23 months. He was scheduled to be released early Tuesday morning, but it was delayed due to impending court proceedings. Hundreds of supporters gathered outside the Sitapur jail, waiting for the SP leader to walk out of prison.

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