Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Trade between India and Indonesia stands at $20 billion.
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