LIC pushes for offshore investing

Nov 28, 2004

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

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).

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