New India Assurance, GIC Re at odds over Kudankulam Nuclear Power Plant insurance cover
The insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. The annual premium is more than ₹150 crore.
Govt to provide capital support mostly to weak PSBsThese special securities with tenure of 10-15 years are non-interest bearing and valued at par. Such bonds usually are non-interest bearing and issued at a deep discount to the face value. So, the effective Tier 1 capital levels for the banks could be lower than the regulatory requirement.
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