Asia Financial Regulatory Shifts
India's Supreme Court rebukes insurers over ambiguous policy terms while Bangladesh Bank lifts deposit caps for sound non-bank financial institutions to ease credit constraints.
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- MARKETIndia's Supreme Court rebukes insurers over 'sloppy' policy terms in motor claims
The apex court's criticism of ambiguous contract language and weak reasoning by lower tribunals signals a potential tightening of liability standards for the Indian insurance sector.
Hindu Businessline - MARKETBangladesh Bank lifts deposit cap for sound NBFIs to ease credit crunch
Central bank allows financially robust non-bank lenders to accept deposits above the statutory limit, aiming to unlock liquidity for corporate lending amid tight monetary conditions.
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