Which regulatory body in India has authorized insurance companies' bond holdings in former HDFC to be treated as 'housing and infrastructure' investments until maturity?
Insurance Regulatory and Development Authority of India (IRDAI)
Reserve Bank of India (RBI)
Securities and Exchange Board of India (SEBI)
Ministry of Finance
Correct Answer :
A. Insurance Regulatory and Development Authority of India (IRDAI)
IRDAI has granted permission for insurance companies to classify their bond holdings in HDFC as 'housing and infrastructure' investments until they mature.
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