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As the CKYCR is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs), regulator IRDAI said in a circular to life and general insurers (including standalone health insurers).
RBI, DBS move SC to club all Lakshmi Vilas merger casesIn a hearing before the Madras High Court on Monday senior counsel Mukul Rohatgi appearing for DBS Bank submitted that the matter of transfer of all cases will be mentioned before the Supreme Court during this week itself and… Read MoreRBI approves re-appointment of Uday Kotak as MD & CEOSpeculation was rife about Kotak’s reappointment after RBI released a discussion paper in June this year on governance at commercial banks. The paper had proposed capping the tenure of bank CEOs who are promoters or large sha… Read MoreHDFC MF converts closed-end fund into open-ended“Thematic funds are risky bets and take time to play out. Risk takers who believe GDP growth will pick up in the coming year and are eyeing a theme which is yet to play out could continue to stay invested here,” says Anup Bha… Read MoreETMarkets Morning Podcast: D-Street awaits blockbuster listing of Burger King
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… Read MoreTop stocks in focus: JSW Steel, Cipla & more
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