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Since the launch of two basic level Surety Bonds (Bid Bonds) by Union Minister Nitin Gadkari in December 2022, the Surety Bond market in India has remained stagnant, according to insurance sources, , Surety bonds, india, insurance sector, Fails ....
The Indian government is considering changes to the Insolvency and Bankruptcy Code (IBC) to give insurers the same status as banks in cases of default in infrastructure projects. Currently, surety bonds issued by general insurance companies do not provide the same recourse for recovery as bank guarantees. ....
IRDAI chief Panda urges stakeholders to harness surety bonds thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.