IRDAI vide Press Release dated 28.03.2024 has advised insurers to keep their branches open as per normal working hours on March, 30, 2024 and March, 31, 2024 in order to avoid any hardship to the policyholders. The insurers may take note of the above and give adequate publicity to the special arrangement made.
Revised framework for Treatment of Right-of-Use (ROU) Assets
RBI has clarified that regulated entities shall not be required to deduct an ROU asset (created in terms of Ind AS 116-Leases) from Owned Fund/