IRDA starts operations from Hyderabad
By Our Banking Bureau | 26 Apr 2002
The
operations of its actuarial department took off under the aegis of
IRDA chairman N Rangachari from the temporary premises at
Parishram Bhavan. Captains of various banks, financial
institutions and insurance companies were also present on the
occasion.
IRDA, which is awaiting clearance of certain critical bills on the insurance sector, plans to shift its entire operations to the city by June 2002, Rangachari said.
With the Andhra Pradesh Industrial Infrastructure Corporation acting as the nodal agency, IRDA is scheduled to shift its operations to its permanent premises in the proposed financial district, coming up in Cyberabad here, during the first half of the next fiscal year.