scorecardresearchIRDAI warns insurers against buying bonds of HDFC companies: Report

IRDAI warns insurers against buying bonds of HDFC companies: Report

Updated: 29 Jun 2022, 09:11 AM IST
TL;DR.
Some insurers were reportedly buying bonds of HDFC Ltd on the premise that the exposure to the mortgage lender may be counted under the higher sectoral limits that are applicable to banks after the former is merged with HDFC Bank.
After the merger of HDFC and HDFC Bank was announced in April, insurers wrote to the regulator on the permitted exposure limits in the individual entities.

After the merger of HDFC and HDFC Bank was announced in April, insurers wrote to the regulator on the permitted exposure limits in the individual entities.