Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade
The private sector life insurer said it has witnessed a notable six-times growth in its annualised AUM over the past 11 financial years.
New auto debit rules of RBI set to kick in from FridayOn December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.
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