IRDA full form in banking. Today we will discuss IRDA. We also know the IRDA full form in banking.
IRDA full form in banking?
IRDA full form in banking is Insurance Regulatory and Development Authority of India. IRDA full form in banking is the most asked keyword in google.
IRDA has been created to rule over the insurance sector India. It governs both life insurance and general insurance companies. It is an autonomous statutory body. The IRDA has been tasked with regulating and promoting insurance in India.
It was constructed by the Insurance Regulatory Act 1999. It specifies the authority’s composition. IRDA is a ten-member body consisting of a chairman.