LIC showcases its business dominance to FIs
Dalal Street-bound Life Insurance Corp of India recently did a hard sell to institutional investors from across the globe positioning itself as the nimble giant growing fastest even while private sector insurers chart their growth paths.
RBI extends restrictions on PMC Bank for 3 months till March 2022In September 2019, RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including a cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
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