Banks line up Additional tier plans after IRDAI opens door to insurers
Lenders from Bank of Baroda to State Bank of India are lining up plans to raise about Rs 10,000-15,000 crore Read more
The government is nudging India’s largest local investor, the state-owned Life Insurance Corporation, to exercise greater control, including seeking more board seats if needed, in some of the listed companies in which it has sizeable holdings to ensure the safety of investments.
Lenders’ exposure in equity market down to Rs 37,510 crore. Faced with uncertainty, domestic financial institutions, particularly banks and insurance companies are holding back investments in the capital markets. Read more
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