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NEW DELHI: The Reserve Bank today said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route.
"Effective
from February 4, 2014, foreign investment by way of FDI, investment by
FIIs/FPIs and NRIs up to 26 per cent under automatic route shall be
permitted in insurance sector," RBI said in a circular.
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MY All Agents
Wednesday, June 25, 2014
RBI allows FPIs, NRIs to invest upto 26% in insurance
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