LIC has recorded a massive increase of 118.6 per cent in its first premium income in 2006-07 at Rs 39,541 crore, as against Rs 18,085 crore in the previous year.
Union Bank of India (UBI) has raised its benchmark prime lending rate (BPLR) by 75 basis points. Now the fresh rate, valid retrospectively from March 11 will be 13.25%, versus 12.50.
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