khuntia in A Sentence

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    Subhash Chandra Khuntia.

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    Former IAS officer Subhash Chandra Khuntia is the new chairman of the Insurance Regulatory and Development Authority of India(IRDAI).

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    Khuntia said,“Who will fight from which seat is not a question, it is the question of who is likely to win.

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    Please convey my appreciation to all the officers who have contributed to the success in this socially important initiative," wrote Dr. Khuntia.

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    On the issue of private equity firms purchasing the stakes of insurance companies, Khuntia further said‘They are permitted to buy but we apply a lock-in period so that there are no frequent changes.

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    Asked if the regulator would permit companies, on the lines of banks, to raise more than 25 per cent of their net worth from Tier-2 bonds, Khuntia said,“That request has been made today in our discussions, but my belief is that this will be possible when the industry moves to a risk-based capital regime.”.

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