Insurance firms face Rs 10,000-cr hit on new provisioning norm

[IndiaInsurance]

The general insurance industry is likely to take a Rs 10,000-crore hit in profits in the current fiscal. This follows a decision by the insurance regulator IRDA to increase the buff...

More... (http://www.thehindubusinessline.com/industry-and-economy/banking/article2775038.ece)