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SBI Life Insurance experienced a 7% decrease in net profit during the second quarter of FY26, largely because of rising costs. Nevertheless, there's a silver lining as the Annualised Premium Equivalent surged by 10%.
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News and Media
The Securities and Exchange Board of India has issued a directive. Mutual funds can no longer invest in pre-IPO share placements. They are now restricted to participating only in the anchor investor portion or the public issue of an initial public offering. This clarification aims to prevent mutual funds from holding unlisted shares.
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News and Media
Indian banks can now finance company acquisitions. The Reserve Bank of India has released draft rules for this. Target companies must be listed, profitable, and have a good net worth. Banks will face exposure limits. These new guidelines aim to expand capital market lending for Indian corporates. Feedback is invited until November 21.
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News and Media
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