reserves

RBI adds 24 tonnes of gold in four months as hedge against volatility

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RBI adds 24 tonnes of gold in four months as hedge against volatility

The Reserve Bank of India added 24 tonnes of gold to its stock of reserves in four months from January to April this year as a hedge against volatility amid geopolitical tensions. This is reckoned to be a part of strategic diversification of reserves in challenging times. This is almost one and a half times … Read more

LIC: With $504 billion reserves, LIC 4th largest insurer

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LIC: With 4 billion reserves, LIC 4th largest insurer

MUMABI: LIC is the fourth largest insurer in the world based on reserves, according to a report by S&P Global Market Intelligence.According to the report, LIC’s reserves stood at $503.7 billion. Germany’s Allianz SE ($750.2 billion), China Life Insurance Company ($616.9 billion) and Nippon Life Insurance Company ($536.8 billion) are the top three insurance companies … Read more