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Insurance sector needs $5-6 bn in immediate future: FM

Last Updated: Monday, October 8, 2012, 15:36

Making a strong case for raising FDI cap in insurance sector, Finance Minister P Chidambaram Monday said the industry requires USD 5-6 billion capital in the immediate run.

Nod to FDI hike in insurance will turn market sentiments: Experts

Last Updated: Friday, October 5, 2012, 00:23

Agreeing that not all foreign partners of domestic insurers will pump in capital when allowed to increase stakes to 49 percent, insurance sector experts said Thursday the union cabinet nod will rekindle investors' animal spirits.