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Post budget quote from Mr. Sunil Sharma, President, Institute of Actuaries of India
Published on July 5, 2019
Mr. Sunil Sharma, President, Institute of Actuaries of India.
“The budget has announced various measures to support the financial service sector which include allocation of 70,000 cr to enhance the credit facility, Regulation of HFCs (Housing Finance Cos) to move to RBI from National Housing Bank which will help strengthen the regulatory Frame work of NBFCs.
So far the insurance sector is concerned, allowing 100% FDI in distribution will help entry of overseas Insurance brokers to setup their distribution arm in India and eventually will help enhance t he insurance penetration”.
