IDBI Bank Share Price Gains After IRDAI Approves LIC’s Investment Plan

Gold Silver Reports (GSR) – IDBI Bank Share Price Gains After IRDAI Approves LIC’s Investment Plan – Shares of the Mumbai—based private sector lender rose as much as 5.65 percent to ₹ 58 after Insurance Regulatory Development Authority of India (IRDAI) approved Life Insurance Corporation’s investment plan.  

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Bank Borrowings Fall off the Map in June Quarter

Gold Silver Reports — Bank Borrowings Fall off the Map in June Quarter — The Reserve Bank of India’s (RBI) annual report contains another nugget of information that shows up the dismal state of the economy in the June quarter. The total flow of funds to the commercial sector declined by Rs27,300 crore during the first quarter of the current fiscal year (FY18), which shows that companies paid off past debt rather than borrow.  

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