RBI Clarifies Guidelines on entry of NBFCs into Insurance Business 

The Reserve Bank of India (RBI) has clarified guidelines relating to equity investment by non-bank finance companies (NBFCs) into insurance business. In case more than one company in the same group as an NFBC wants to take a stake in an insurance company, the contribution by all companies in the same group shall be considered for the prescribed limit of 50%, the RBI said. The notification is available on the RBI website.

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6439&Mode=0