LIC sits on over Rs 21,500 cr unclaimed funds
Every insurer is required to display information about any unclaimed amount of Rs 1,000 or more on their respective websites (to continue even after completion of 10 years) and a facility is to be provided on the website to enable policyholders or beneficiaries to verify unclaimed amount due to them.
Reliance Capital's lenders agree on EoI document for biddersThe Reserve Bank of India had superseded the board of Reliance Capital on November 30 and brought in Nageswara Rao, a former executive director at Bank of Maharashtra, as its administrator. The administrator has admitted claims worth ₹24,000 crore of financial creditors so far.
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