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Irda cautions insurers against politically exposed persons
The Insurance Regulatory and Development Authority (Irda) has asked insurance companies to be more cautious while concluding contracts with “high risk customers”, particularly the “proposals of Politically Exposed Persons (PEPs)”.

FII-TO-FII TRADES: PNB traded at 4% premium
Trades between FIIs generated a volume of Rs 75 crore on the BSE Friday-an increase of 33.49% from Rs 56 crore clocked on Thursday. As many as eight stocks witnessed trades of 13 lakh shares on Friday.

News of the day

Commitment charges are back as sanction-disbursement gap rises
With sanctioned credit lines going abegging, banks take corrective action.
Small Business

Puri to get another term at HDFC Bank

HDFC Bank’s board today decided to give a three-year extension to Managing Director Aditya Puri. His term was to end in March. Puri has been with the bank since its inception. HDFC Bank said the appointment was subject to shareholder and regulatory approvals.


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