This move is aimed at mitigating risks in its non-participatory (non-par) segment, according to two sources familiar with the development.
"We have not undertaken trades yet in bond FRA, we are still in the process. But, we should mostly be ready and start trading by the end of FY25," a source said. The move comes at a time when the interest rate cycle is set to turn softer amid insurers offering more guaranteed return products.
This story is from the October 28, 2024 edition of Business Standard.
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This story is from the October 28, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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