The Insurance Regulatory and Development Authority of India vide Circular dated 28-04-2022 has decided to dispense with the requirement of submission of 16 returns by Non-Life Insurers. Insurers are not required to submit Offline Form 1 to X and Monthly Business Figures in physical form. However, Insurers shall ensure that they submit Non-Life Operational Returns in BAP as per the periodicity and time-limits prescribed.
RBI to conduct Daily Variable Rate Repo (VRR) Auctions
RBI has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day,