LIC pushes for offshore investing

The Indian insurance behemoth expects regulations to ease within 12 months.

Jame DiBiasio

November 28, 2004

India's financial regulators may relax restrictions on local institutions' investing assets offshore within the next 12 months, says RN Bhardwaj, managing director at Life Insurance Corporation of India (LIC), which manages 340,000 crore (Rs3.4 trillion, $75 billion).

¬ Haymarket Media Limited. All rights reserved.

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